Brokerages Anticipate Nanometrics Incorporated (NANO) Will Announce Earnings of $0.21 Per Share
Brokerages forecast that Nanometrics Incorporated (NASDAQ:NANO) will post $0.21 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Nanometrics’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. Nanometrics reported earnings of $0.33 per share during the same quarter last year, which would suggest a negative year over year growth rate of 36.4%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, November 2nd.
Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.
Several research analysts have recently issued reports on NANO shares. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 target price on shares of Nanometrics in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Nanometrics presently has an average rating of “Buy” and a consensus target price of $31.67.
Shares of Nanometrics (NASDAQ:NANO) traded up 0.58% during mid-day trading on Tuesday, hitting $27.66. 94,194 shares of the stock were exchanged. The firm has a market cap of $705.19 million, a price-to-earnings ratio of 14.71 and a beta of 1.80. Nanometrics has a 1-year low of $19.78 and a 1-year high of $32.42. The company’s 50-day moving average is $27.44 and its 200-day moving average is $27.30.
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In other news, CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $25.19, for a total value of $503,800.00. Following the transaction, the chief executive officer now owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $25.65, for a total transaction of $64,253.25. Following the completion of the transaction, the general counsel now directly owns 35,833 shares in the company, valued at approximately $919,116.45. The disclosure for this sale can be found here. Insiders sold a total of 69,738 shares of company stock worth $1,850,540 in the last ninety days. Insiders own 6.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NANO. BlackRock Inc. boosted its stake in Nanometrics by 81,374.7% during the 1st quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock worth $94,182,000 after acquiring an additional 3,088,170 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Nanometrics by 72.5% during the 2nd quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock worth $22,271,000 after acquiring an additional 370,127 shares during the last quarter. Teachers Advisors LLC boosted its stake in Nanometrics by 892.7% during the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock worth $10,015,000 after acquiring an additional 356,109 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Nanometrics by 134.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock worth $8,894,000 after acquiring an additional 201,969 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Nanometrics by 23.2% during the 1st quarter. Renaissance Technologies LLC now owns 923,600 shares of the semiconductor company’s stock worth $28,133,000 after acquiring an additional 174,100 shares during the last quarter. 81.32% of the stock is currently owned by institutional investors and hedge funds.
Nanometrics Company Profile
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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