Brokers Offer Predictions for Fanuc’s FY2019 Earnings (FANUY)

Fanuc (OTCMKTS:FANUY) – Equities research analysts at Jefferies Group boosted their FY2019 earnings per share estimates for Fanuc in a research report issued on Monday, April 2nd, according to Zacks Investment Research. Jefferies Group analyst S. Fukuhara now anticipates that the industrial products company will post earnings of $0.91 per share for the year, up from their prior forecast of $0.86. Jefferies Group also issued estimates for Fanuc’s FY2020 earnings at $0.95 EPS, FY2022 earnings at $0.88 EPS and FY2023 earnings at $0.97 EPS.

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Separately, Zacks Investment Research upgraded shares of Fanuc from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 3rd.

Shares of Fanuc stock opened at $24.88 on Thursday. Fanuc has a 52-week low of $19.00 and a 52-week high of $30.42. The stock has a market cap of $48,210.50, a PE ratio of 40.78, a PEG ratio of 2.05 and a beta of 1.07.

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About Fanuc

Fanuc Corporation provides factory automation products worldwide. The company offers CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super nano machines. Fanuc Corporation was founded in 1972 and is headquartered in Minamitsuru-gun, Japan.

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