Brokerages expect NN, Inc. (NASDAQ:NNBR) to post earnings per share of $0.29 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for NN’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. NN reported earnings of $0.38 per share during the same quarter last year, which suggests a negative year over year growth rate of 23.7%. The firm is expected to announce its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that NN will report full-year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.57 to $1.65. For the next fiscal year, analysts anticipate that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.70 to $1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover NN.
NN (NASDAQ:NNBR) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The company had revenue of $225.88 million for the quarter, compared to the consensus estimate of $221 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue was up 5.4% compared to the same quarter last year.
A number of brokerages have issued reports on NNBR. Zacks Investment Research cut shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. BidaskClub cut shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. TheStreet raised shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. William Blair reissued a “market perform” rating on shares of NN in a report on Thursday, August 17th. Finally, SunTrust Banks, Inc. began coverage on shares of NN in a report on Thursday, June 15th. They issued a “buy” rating and a $37.00 target price on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.25.
Hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. bought a new position in NN in the second quarter worth about $139,000. Envestnet Asset Management Inc. lifted its holdings in NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 530 shares during the last quarter. Bank of Montreal Can bought a new position in NN in the first quarter worth about $162,000. US Bancorp DE lifted its holdings in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 457 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in NN in the second quarter worth about $298,000. 91.27% of the stock is currently owned by hedge funds and other institutional investors.
NN (NASDAQ:NNBR) traded down 1.00% on Monday, hitting $24.85. 51,680 shares of the stock traded hands. The firm’s 50 day moving average is $26.50 and its 200 day moving average is $26.39. The stock’s market cap is $684.37 million. NN has a 52 week low of $13.43 and a 52 week high of $31.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.12%. NN’s dividend payout ratio is currently -116.67%.
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NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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