NN, Inc. (NNBR) Expected to Announce Earnings of $0.31 Per Share

Wall Street brokerages expect that NN, Inc. (NASDAQ:NNBR) will announce earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for NN’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. NN reported earnings of $0.35 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.4%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, March 7th.

According to Zacks, analysts expect that NN will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.60. For the next year, analysts expect that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.68 to $1.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for NN.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of NN from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $36.00 price objective on shares of NN in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. NN has an average rating of “Hold” and an average target price of $34.00.

NN (NASDAQ:NNBR) opened at $25.50 on Tuesday. The firm has a market cap of $696.23, a PE ratio of 15.59 and a beta of 0.66. NN has a 12 month low of $19.30 and a 12 month high of $32.90. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.10%. NN’s payout ratio is -54.90%.

In other NN news, Director David Floyd acquired 1,865 shares of the business’s stock in a transaction on Friday, December 1st. The stock was bought at an average price of $26.98 per share, for a total transaction of $50,317.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Earnest Partners LLC acquired a new stake in shares of NN during the 4th quarter worth approximately $135,000. Capital Fund Management S.A. acquired a new stake in shares of NN during the 4th quarter worth approximately $215,000. Teacher Retirement System of Texas acquired a new stake in shares of NN during the 4th quarter worth approximately $247,000. Tudor Investment Corp ET AL acquired a new stake in shares of NN during the 2nd quarter worth approximately $298,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of NN during the 2nd quarter worth approximately $323,000. Institutional investors and hedge funds own 92.47% of the company’s stock.

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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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