Nanometrics Inc. (NANO) Scheduled to Post Quarterly Earnings on Tuesday
Nanometrics Inc. (NASDAQ:NANO) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 11th. Nanometrics has set its Q3 guidance at $0.23-0.30 EPS.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $55.80 million for the quarter, compared to the consensus estimate of $55.30 million. Nanometrics had a net margin of 4.44% and a return on equity of 6.06%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, analysts expect Nanometrics to post $0.99 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Nanometrics Inc. (NASDAQ:NANO) opened at 22.21 on Monday. The company’s 50-day moving average is $21.33 and its 200-day moving average is $19.17. Nanometrics Inc. has a 12 month low of $12.49 and a 12 month high of $23.61. The company has a market cap of $550.63 million, a P/E ratio of 64.75 and a beta of 1.46.
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NANO has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 27th. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Nanometrics currently has a consensus rating of “Hold” and a consensus price target of $21.25.
In other news, VP Stanislaw M. Borowicz sold 1,630 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $21.98, for a total value of $35,827.40. Following the completion of the sale, the vice president now directly owns 44,433 shares in the company, valued at $976,637.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeff Andreson sold 5,010 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $22.50, for a total transaction of $112,725.00. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.
Several large investors have recently modified their holdings of the stock. AXA acquired a new stake in shares of Nanometrics during the second quarter worth approximately $1,898,000. Wall Street Associates acquired a new stake in shares of Nanometrics during the second quarter worth approximately $1,360,000. Vanguard Group Inc. boosted its stake in shares of Nanometrics by 6.3% in the second quarter. Vanguard Group Inc. now owns 1,101,602 shares of the company’s stock worth $22,903,000 after buying an additional 64,835 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Nanometrics by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,606,520 shares of the company’s stock worth $33,400,000 after buying an additional 55,176 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Nanometrics during the second quarter worth approximately $1,079,000. Institutional investors and hedge funds own 82.25% of the company’s stock.
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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