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.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/02/16/nn-inc-nnbr-expected-to-announce-earnings-of-0-31-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.