Nanometrics Incorporated (NANO) Posts Earnings Results
Nanometrics Incorporated (NASDAQ:NANO) announced its earnings results on Thursday. The semiconductor company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01, Bloomberg Earnings reports. Nanometrics had a net margin of 19.23% and a return on equity of 10.46%. The business had revenue of $56.70 million during the quarter, compared to the consensus estimate of $56.53 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Nanometrics updated its Q4 guidance to $0.40-0.50 EPS.
Shares of Nanometrics (NASDAQ:NANO) traded up $0.60 on Friday, hitting $28.07. 206,260 shares of the company traded hands, compared to its average volume of 101,851. The company has a market capitalization of $719.23 million, a P/E ratio of 27.13 and a beta of 1.81.
In related news, CFO Jeff Andreson sold 7,233 shares of Nanometrics stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $27.11, for a total value of $196,086.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the transaction, the chief executive officer now owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. Insiders sold 69,738 shares of company stock valued at $1,850,540 in the last quarter. 6.70% of the stock is owned by insiders.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Benchmark Co. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. Finally, BidaskClub downgraded shares of Nanometrics from a “strong-buy” rating to a “buy” rating 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.67.
ILLEGAL ACTIVITY WARNING: “Nanometrics Incorporated (NANO) Posts Earnings Results” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/03/nanometrics-incorporated-nano-posts-earnings-results.html.
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.
Receive News & Ratings for Nanometrics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.