$0.46 Earnings Per Share Expected for Nanometrics Incorporated (NANO) This Quarter

Brokerages forecast that Nanometrics Incorporated (NASDAQ:NANO) will report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nanometrics’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Nanometrics posted earnings per share of $0.33 in the same quarter last year, which suggests a positive year over year growth rate of 39.4%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 6th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Nanometrics.

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

Several analysts have recently weighed in on NANO shares. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. BidaskClub upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th.

In related news, CEO Timothy J. Stultz sold 14,166 shares of Nanometrics stock in a transaction dated 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 directly owns 294,817 shares in the company, valued at $7,644,604.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 14,781 shares of company stock valued at $382,656 over the last quarter. Insiders own 6.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its stake in Nanometrics by 70.8% in the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after acquiring an additional 27,723 shares during the period. Vanguard Group Inc. boosted its stake in Nanometrics by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after acquiring an additional 37,840 shares during the period. Peregrine Capital Management LLC boosted its stake in Nanometrics by 3.5% in the third quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock valued at $16,387,000 after acquiring an additional 19,388 shares during the period. Renaissance Technologies LLC boosted its stake in Nanometrics by 9.5% in the second quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the semiconductor company’s stock valued at $25,581,000 after acquiring an additional 87,900 shares during the period. Finally, Citigroup Inc. boosted its stake in Nanometrics by 21.7% in the second quarter. Citigroup Inc. now owns 27,322 shares of the semiconductor company’s stock valued at $691,000 after acquiring an additional 4,865 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Shares of Nanometrics (NANO) opened at $26.79 on Tuesday. The firm has a market capitalization of $681.46, a PE ratio of 14.97, a PEG ratio of 1.39 and a beta of 1.75. Nanometrics has a 52 week low of $23.73 and a 52 week high of $32.42.

Nanometrics declared that its board has approved a share buyback program on Wednesday, November 15th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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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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