Nanometrics Receives Consensus Rating of “Hold” from Analysts (NASDAQ:NANO)
Nanometrics (NASDAQ:NANO) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock, AnalystRatings.NET reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.89.
Nanometrics (NASDAQ:NANO) opened at 16.17 on Friday. Nanometrics has a 52-week low of $13.37 and a 52-week high of $19.94. The stock has a 50-day moving average of $17.64 and a 200-day moving average of $17.49. The company’s market cap is $387.1 million.
Nanometrics (NASDAQ:NANO) last released its earnings data on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $48.03 million for the quarter, compared to the consensus estimate of $49.36 million. During the same quarter last year, the company posted ($0.17) earnings per share. Nanometrics’s revenue was up 39.0% compared to the same quarter last year. Analysts expect that Nanometrics will post $0.14 EPS for the current fiscal year.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nanometrics in a research note on Thursday, July 31st. They now have a $17.00 price target on the stock, down previously from $18.00.
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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