NN, Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:NNBR)
NN, Inc. (NASDAQ:NNBR) declared a quarterly dividend on Monday, August 14th, NASDAQ reports. Investors of record on Friday, September 1st will be paid a dividend of 0.07 per share by the industrial products company on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, August 30th.
NN (NASDAQ NNBR) opened at 26.30 on Tuesday. NN has a 52 week low of $13.43 and a 52 week high of $31.65. The company’s market cap is $722.33 million. The company has a 50-day moving average of $27.80 and a 200-day moving average of $25.72.
NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $225.88 million for the quarter, compared to analyst estimates of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.45%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. On average, equities research analysts predict that NN will post $1.62 EPS for the current year.
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A number of equities research analysts have issued reports on the stock. William Blair reiterated a “market perform” rating on shares of NN in a report on Tuesday, July 11th. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. Finally, BidaskClub lowered shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. NN currently has a consensus rating of “Hold” and a consensus price target of $30.25.
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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