Nanometrics (NANO) Announces Quarterly Results
Nanometrics (NASDAQ:NANO) announced its earnings results on Tuesday. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.05, AmericanBankingNews.com reports. The company had revenue of $46.16 million for the quarter, compared to the consensus estimate of $44.88 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 52.5% on a year-over-year basis. Nanometrics updated its Q1 guidance to $0.01 to $0.13 EPS.
Shares of Nanometrics (NASDAQ:NANO) traded up 1.42% on Tuesday, hitting $16.41. The stock had a trading volume of 158,456 shares. Nanometrics has a 52-week low of $13.32 and a 52-week high of $19.94. The stock’s 50-day moving average is $18.08 and its 200-day moving average is $16.66. The company’s market cap is $383.2 million.
Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of Nanometrics from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. They now have a $18.00 price target on the stock. Analysts at Stifel Nicolaus downgraded shares of Nanometrics from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, December 18th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Nanometrics currently has a consensus rating of “Hold” and an average price target of $18.67.
Nanometrics Incorporated (NASDAQ:NANO) is a provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of integrated circuits, high-brightness (HB) light emitting diodes (LEDs), data storage devices and solar photovoltaics (solar PV).
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