Press coverage about NN (NASDAQ:NNBR) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NN earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 44.9070661605005 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Cool or creepy? Walmart to deliver food and put it in fridge – CNNMoney (money.cnn.com)
- STATE: Cooper announces 200 new jobs as NN, Inc. selects North Carolina for headquarters (thesnaponline.com)
- NN : To Relocate Global Headquarters To Charlotte, North Carolina (4-traders.com)
- NN, Inc. : NNBR-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017 (finance.yahoo.com)
- Tennessee manufacturer headed to Charlotte with 200-job headquarters (finance.yahoo.com)
Shares of NN (NNBR) opened at 28.25 on Friday. The firm’s market capitalization is $778.01 million. The company’s 50-day moving average price is $26.01 and its 200 day moving average price is $26.78. NN has a 12-month low of $13.43 and a 12-month high of $31.65.
NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The business had revenue of $225.88 million during the quarter, compared to analyst estimates of $221.00 million. During the same period in the prior year, the company earned $0.46 earnings per share. NN’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that NN will post $1.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, August 30th. NN’s dividend payout ratio (DPR) is -116.67%.
A number of analysts have recently issued reports on NNBR shares. SunTrust Banks, Inc. started coverage on NN in a research report on Thursday, June 15th. They issued a “buy” rating and a $37.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research cut NN from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. William Blair reaffirmed a “market perform” rating on shares of NN in a research report on Thursday, August 31st. BidaskClub cut NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. NN has a consensus rating of “Hold” and an average target price of $31.40.
In other NN news, Director Steven T. Warshaw sold 5,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $27.08, for a total transaction of $135,400.00. Following the completion of the transaction, the director now directly owns 58,732 shares of the company’s stock, valued at $1,590,462.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven T. Warshaw sold 2,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $26.82, for a total value of $53,640.00. Following the sale, the director now owns 58,732 shares in the company, valued at approximately $1,575,192.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,000 shares of company stock valued at $436,660. 2.80% of the stock is owned by corporate insiders.
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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