NN, Inc. (NNBR) To Go Ex-Dividend on August 30th

NN, Inc. (NASDAQ:NNBR) declared a quarterly dividend on Monday, August 14th, NASDAQ reports. Investors of record on Friday, September 1st will be given a dividend of 0.07 per share by the industrial products company on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 30th.

NN (NASDAQ:NNBR) opened at 25.30 on Friday. The company has a 50-day moving average of $27.37 and a 200-day moving average of $25.99. The stock’s market capitalization is $696.76 million. NN has a 1-year low of $13.43 and a 1-year high of $31.65.

NN (NASDAQ:NNBR) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that NN will post $1.62 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $29.00 price target on shares of NN in a report on Friday, August 4th. BidaskClub lowered shares of NN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. William Blair reissued a “market perform” rating on shares of NN in a report on Tuesday, July 11th. Zacks Investment Research lowered shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, TheStreet raised shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.25.

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.