Equities analysts expect NN, Inc. (NASDAQ:NNBR) to report earnings of $0.48 per share for the current quarter, according to Zacks. Three analysts have made estimates for NN’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. NN reported earnings of $0.46 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that NN will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.80 to $1.90. For the next year, analysts expect that the business will post earnings of $2.15 per share, with EPS estimates ranging from $1.80 to $2.32. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for NN.
NN (NASDAQ:NNBR) last released its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. NN had a return on equity of 14.04% and a net margin of 2.00%. The firm had revenue of $226.31 million for the quarter, compared to analysts’ expectations of $215.86 million.
A number of brokerages recently issued reports on NNBR. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a research report on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of NN from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, March 7th.
Several institutional investors have recently made changes to their positions in NNBR. Envestnet Asset Management Inc. raised its position in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after buying an additional 530 shares during the period. Bank of Montreal Can acquired a new position in NN during the first quarter valued at $162,000. Highbridge Capital Management LLC acquired a new position in NN during the fourth quarter valued at $220,000. US Bancorp DE raised its position in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in NN by 6.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,698 shares of the industrial products company’s stock valued at $356,000 after buying an additional 1,127 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.
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NN (NASDAQ:NNBR) traded down 1.24% on Friday, reaching $27.95. The company had a trading volume of 158,138 shares. The stock has a market capitalization of $767.65 million, a PE ratio of 45.82 and a beta of 0.80. The stock has a 50 day moving average price of $28.59 and a 200 day moving average price of $22.94. NN has a 52-week low of $12.77 and a 52-week high of $31.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.00%. NN’s dividend payout ratio (DPR) is presently 45.90%.
NN Company Profile
NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.
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