NN, Inc. Declares Quarterly Dividend of $0.07 (NNBR)
NN (NASDAQ:NNBR) announced a quarterly dividend on Friday, August 15th, Analyst Ratings Network reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.07 per share on Friday, September 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.00%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of NN from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $30.30 price target on the stock. On a related note, analysts at Singular Research raised their price target on shares of NN from $27.00 to $37.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp raised their price target on shares of NN from $28.00 to $39.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock.
Shares of NN (NASDAQ:NNBR) traded down 1.04% during mid-day trading on Friday, hitting $27.58. The stock had a trading volume of 34,224 shares. NN has a 52-week low of $13.37 and a 52-week high of $30.94. The stock’s 50-day moving average is $26.89 and its 200-day moving average is $22.43. The company has a market cap of $490.5 million and a price-to-earnings ratio of 24.66.
NN (NASDAQ:NNBR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.03. The company had revenue of $106.68 million for the quarter, compared to the consensus estimate of $107.57 million. During the same quarter last year, the company posted $0.28 earnings per share. NN’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that NN will post $1.45 earnings per share for the current fiscal year.
NN, Inc (NASDAQ:NNBR) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
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