Nanometrics Incorporated (NANO) Releases Q4 Earnings Guidance
Nanometrics Incorporated (NASDAQ:NANO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $72-80 million, compared to the consensus revenue estimate of $75.85 million.
Several brokerages have recently commented on NANO. Benchmark Co. reiterated a buy rating and set a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. Zacks Investment Research downgraded Nanometrics from a hold rating to a sell rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded Nanometrics from a strong-buy rating to a buy rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $31.67.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $64.43 million for the quarter, compared to analysts’ expectations of $66.37 million. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share.
In related news, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $28.15, for a total transaction of $563,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the sale, the general counsel now directly owns 35,833 shares of the company’s stock, valued at $919,116.45. The disclosure for this sale can be found here. Insiders have sold 69,738 shares of company stock valued at $1,850,540 over the last ninety days. 6.70% of the stock is currently owned by company insiders.
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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