$0.30 EPS Expected for NN, Inc. (NNBR) This Quarter
Equities research analysts forecast that NN, Inc. (NASDAQ:NNBR) will report $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NN’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.26. NN posted earnings per share of $0.35 during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.3%. The business is expected to announce its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that NN will report full-year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.48 to $1.65. For the next year, analysts expect that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for NN.
NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. NN had a negative net margin of 1.76% and a positive return on equity of 12.72%. The company had revenue of $148.16 million for the quarter, compared to analyst estimates of $150.50 million. During the same quarter last year, the business earned $0.38 earnings per share. NN’s revenue was up 1.0% compared to the same quarter last year.
In related news, insider Thomas C. Jr. Burwell sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $27.38, for a total transaction of $164,280.00. Following the completion of the sale, the insider now directly owns 37,881 shares in the company, valued at $1,037,181.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven T. Warshaw sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $27.08, for a total transaction of $135,400.00. Following the completion of the transaction, the director now directly owns 58,732 shares of the company’s stock, valued at approximately $1,590,462.56. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $500,660 over the last 90 days. 2.80% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new position in NN in the 2nd quarter worth approximately $139,000. Tudor Investment Corp ET AL acquired a new position in NN in the 2nd quarter worth approximately $298,000. Virtu KCG Holdings LLC acquired a new position in NN in the 2nd quarter worth approximately $323,000. Voya Investment Management LLC boosted its stake in NN by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 2,037 shares during the period. Finally, American Century Companies Inc. acquired a new position in NN in the 3rd quarter worth approximately $343,000. 93.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NN (NASDAQ:NNBR) traded down $0.40 during trading hours on Thursday, hitting $27.45. 95,579 shares of the company’s stock traded hands, compared to its average volume of 158,062. NN has a 12 month low of $17.55 and a 12 month high of $32.90. The firm has a market capitalization of $761.03, a price-to-earnings ratio of 17.04 and a beta of 0.64. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, November 30th. NN’s payout ratio is -54.90%.
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NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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