Brokerages Anticipate Nanometrics Incorporated (NANO) Will Announce Earnings of $0.46 Per Share

Equities research analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will announce earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Nanometrics’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.45. Nanometrics posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 39.4%. The company is scheduled to issue its next earnings report on Tuesday, February 6th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Nanometrics.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Nanometrics had a return on equity of 10.26% and a net margin of 19.23%. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.53 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis.

A number of research analysts have recently commented on NANO shares. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub lowered Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Benchmark reissued a “buy” rating and set a $34.00 price target on shares of Nanometrics in a report on Friday, October 13th.

In related news, CEO Timothy J. Stultz sold 14,166 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $25.93, for a total value of $367,324.38. Following the completion of the transaction, the chief executive officer now owns 294,817 shares in the company, valued at approximately $7,644,604.81. The transaction was disclosed in a filing 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. Over the last ninety days, insiders have sold 34,781 shares of company stock worth $945,656. 6.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Nanometrics during the 3rd quarter worth about $865,000. Allianz Asset Management GmbH raised its stake in shares of Nanometrics by 70.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock worth $1,926,000 after purchasing an additional 27,723 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nanometrics by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock worth $41,540,000 after purchasing an additional 67,827 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Nanometrics by 54.7% during the 3rd quarter. Wells Fargo & Company MN now owns 26,871 shares of the semiconductor company’s stock worth $773,000 after purchasing an additional 9,498 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Nanometrics by 161.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 368,507 shares of the semiconductor company’s stock worth $10,539,000 after purchasing an additional 227,710 shares in the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Shares of Nanometrics (NANO) traded up $0.43 during midday trading on Friday, reaching $26.08. The company’s stock had a trading volume of 188,166 shares, compared to its average volume of 168,075. Nanometrics has a 1 year low of $23.73 and a 1 year high of $32.42. The firm has a market capitalization of $652.41, a price-to-earnings ratio of 14.57, a PEG ratio of 1.32 and a beta of 1.75.

Nanometrics declared that its board has initiated a share repurchase program on Wednesday, November 15th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About Nanometrics

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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