Equities research analysts forecast that NN, Inc. (NASDAQ:NNBR) will post earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for NN’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.37. NN posted earnings per share of $0.51 in the same quarter last year, which would indicate a negative year-over-year growth rate of 25.5%. The business is scheduled to issue its next earnings results on Wednesday, August 1st.
On average, analysts expect that NN will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.66. For the next financial year, analysts anticipate that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.12 to $2.21. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover NN.
NN (NASDAQ:NNBR) last issued its quarterly earnings data on Thursday, May 10th. The industrial products company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). NN had a net margin of 3.35% and a return on equity of 9.02%. The business had revenue of $169.15 million for the quarter, compared to analysts’ expectations of $167.81 million. During the same quarter in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.
NNBR has been the subject of a number of research analyst reports. BidaskClub lowered NN from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. ValuEngine lowered NN from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded NN from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, March 8th. Finally, Stifel Nicolaus reduced their target price on NN from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. NN presently has an average rating of “Hold” and an average target price of $31.75.
NN traded up $0.35, reaching $21.60, during midday trading on Wednesday, Marketbeat.com reports. The stock had a trading volume of 15,359 shares, compared to its average volume of 136,396. The firm has a market capitalization of $563.01 million, a price-to-earnings ratio of 13.94 and a beta of 0.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 3.77 and a quick ratio of 3.02. NN has a 52-week low of $19.65 and a 52-week high of $32.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. NN’s payout ratio is currently 18.06%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of NN by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,816,823 shares of the industrial products company’s stock valued at $50,144,000 after buying an additional 24,497 shares during the last quarter. Millennium Management LLC purchased a new position in shares of NN during the 4th quarter valued at about $610,000. Victory Capital Management Inc. raised its stake in shares of NN by 8.4% during the 4th quarter. Victory Capital Management Inc. now owns 45,350 shares of the industrial products company’s stock valued at $1,252,000 after buying an additional 3,522 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NN by 98.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 33,338 shares of the industrial products company’s stock valued at $920,000 after buying an additional 16,545 shares during the last quarter. Finally, Yorktown Management & Research Co Inc raised its stake in shares of NN by 22.4% during the 4th quarter. Yorktown Management & Research Co Inc now owns 38,800 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 97.39% of the company’s stock.
NN Company Profile
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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