Wall Street analysts expect NN, Inc. (NASDAQ:NNBR) to report sales of $155.27 million for the current quarter, Zacks reports. Three analysts have made estimates for NN’s earnings. The lowest sales estimate is $154.70 million and the highest is $156.10 million. NN posted sales of $202.03 million in the same quarter last year, which would indicate a negative year over year growth rate of 23.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, March 7th.
According to Zacks, analysts expect that NN will report full-year sales of $155.27 million for the current fiscal year, with estimates ranging from $755.00 million to $756.50 million. For the next year, analysts expect that the business will report sales of $675.09 million per share, with estimates ranging from $668.90 million to $679.90 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover NN.
NNBR has been the topic of a number of recent analyst reports. ValuEngine lowered NN from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered NN from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, BidaskClub lowered NN from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.
Institutional investors have recently bought and sold shares of the stock. Earnest Partners LLC purchased a new position in NN during the fourth quarter worth about $135,000. Capital Fund Management S.A. purchased a new position in NN during the fourth quarter worth about $215,000. Teacher Retirement System of Texas purchased a new position in NN during the fourth quarter worth about $247,000. American Century Companies Inc. purchased a new position in NN during the third quarter worth about $343,000. Finally, Voya Investment Management LLC grew its position in NN by 20.0% during the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock worth $335,000 after buying an additional 2,037 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.
NN (NASDAQ:NNBR) traded up $1.50 during trading on Friday, reaching $26.60. The company’s stock had a trading volume of 147,249 shares, compared to its average volume of 100,070. 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 1 year low of $21.75 and a 1 year high of $32.90. The company has a market capitalization of $676.93, a P/E ratio of 15.15 and a beta of 0.83.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, February 15th. NN’s dividend payout ratio (DPR) is presently -54.90%.
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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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