Analysts expect NN, Inc. (NASDAQ:NNBR) to post earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for NN’s earnings, with estimates ranging from $0.25 to $0.28. NN posted earnings of $0.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 28.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that NN will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.23. For the next financial year, analysts anticipate that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.40 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NN.
NN (NASDAQ:NNBR) last posted its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $213.26 million for the quarter, compared to analyst estimates of $209.86 million. NN had a positive return on equity of 7.79% and a negative net margin of 34.01%.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 15th. BidaskClub upgraded NN from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.50.
NNBR stock opened at $8.84 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.90 and a debt-to-equity ratio of 2.26. The firm has a market cap of $381.30 million, a price-to-earnings ratio of 7.56 and a beta of 1.41. The firm has a 50-day moving average of $8.37. NN has a 1 year low of $5.55 and a 1 year high of $22.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.28 dividend on an annualized basis and a yield of 3.17%. NN’s dividend payout ratio is presently 23.93%.
In related news, Director David Floyd acquired 9,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $8.05 per share, with a total value of $72,450.00. Following the transaction, the director now owns 23,660 shares of the company’s stock, valued at $190,463. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Robert Atkinson acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of $8.65 per share, with a total value of $25,950.00. Following the completion of the transaction, the executive vice president now directly owns 21,550 shares in the company, valued at approximately $186,407.50. The disclosure for this purchase can be found here. Company insiders own 2.48% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of NN by 54.8% in the 4th quarter. BlackRock Inc. now owns 3,014,206 shares of the industrial products company’s stock valued at $20,224,000 after buying an additional 1,067,418 shares during the period. Royce & Associates LP lifted its holdings in shares of NN by 42.1% in the 4th quarter. Royce & Associates LP now owns 1,990,495 shares of the industrial products company’s stock valued at $13,356,000 after buying an additional 589,871 shares during the period. Norges Bank acquired a new stake in shares of NN in the 4th quarter valued at approximately $3,108,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of NN in the 4th quarter valued at approximately $2,724,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of NN by 19.5% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 2,141,000 shares of the industrial products company’s stock valued at $16,036,000 after buying an additional 349,729 shares during the period. 99.35% of the stock is owned by institutional investors.
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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