Nanometrics Incorporated (NANO) Set to Announce Quarterly Earnings on Thursday
Nanometrics Incorporated (NASDAQ:NANO) is scheduled to be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Nanometrics has set its Q3 guidance at $0.22-0.31 EPS.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The firm had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. During the same period in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts expect Nanometrics to post $1.14 EPS for the current fiscal year and $1.62 EPS for the next fiscal year.
Nanometrics Incorporated (NASDAQ:NANO) opened at 27.77 on Thursday. The firm has a market cap of $708.00 million, a P/E ratio of 14.77 and a beta of 1.80. The company has a 50-day moving average of $27.50 and a 200 day moving average of $27.29. Nanometrics Incorporated has a 52 week low of $19.78 and a 52 week high of $32.42.
In related news, CFO Jeff Andreson sold 7,233 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $27.11, for a total value of $196,086.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $28.15, for a total value of $563,000.00. The disclosure for this sale can be found here. Insiders sold a total of 69,738 shares of company stock valued at $1,850,540 in the last quarter. 6.70% of the stock is currently owned by corporate insiders.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Benchmark Co. reiterated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research report on Friday, October 13th. Finally, BidaskClub lowered Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Nanometrics has a consensus rating of “Buy” and an average target price of $31.67.
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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