NN, Inc. (NNBR) Expected to Post Earnings of $0.30 Per Share

Equities analysts expect that NN, Inc. (NASDAQ:NNBR) will post earnings per share (EPS) of $0.30 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for NN’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.32. NN posted earnings per share of $0.35 in the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The company is scheduled to issue its next earnings results on Wednesday, March 7th.

On average, analysts expect that NN will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.48 to $1.65. For the next year, analysts expect that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow NN.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. NN had a positive return on equity of 12.72% and a negative net margin of 1.76%. The company had revenue of $148.16 million for the quarter, compared to analyst estimates of $150.50 million. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis.

NNBR has been the topic of several research reports. William Blair restated a “market perform” rating on shares of NN in a research report on Thursday, August 31st. BidaskClub lowered NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp restated a “buy” rating and set a $36.00 price target on shares of NN in a research report on Friday, October 20th. Zacks Investment Research downgraded NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $29.00 target price on shares of NN in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.00.

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In other news, Director Steven T. Warshaw sold 5,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $27.08, for a total value of $135,400.00. Following the completion of the transaction, the director now owns 58,732 shares in the company, valued at $1,590,462.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas C. Jr. Burwell sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $32.00, for a total value of $64,000.00. Following the completion of the transaction, the insider now owns 35,381 shares of the company’s stock, valued at approximately $1,132,192. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock worth $500,660 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in shares of NN in the second quarter worth $139,000. Tudor Investment Corp ET AL purchased a new position in shares of NN in the second quarter worth $298,000. Virtu KCG Holdings LLC purchased a new position in shares of NN in the second quarter worth $323,000. American Century Companies Inc. purchased a new position in shares of NN in the third quarter worth $343,000. Finally, Voya Investment Management LLC raised its stake in shares of NN by 20.0% in the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 2,037 shares during the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.

NN (NNBR) traded down $0.35 during midday trading on Friday, hitting $27.40. The company had a trading volume of 66,100 shares, compared to its average volume of 160,625. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. NN has a one year low of $16.75 and a one year high of $32.90. The company has a market capitalization of $755.51, a price-to-earnings ratio of 16.91 and a beta of 0.68.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 30th. NN’s dividend payout ratio (DPR) is -54.90%.

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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Earnings History and Estimates for NN (NASDAQ:NNBR)

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