Equities analysts expect NN, Inc. (NASDAQ:NNBR) to report earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for NN’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. NN reported earnings per share of $0.35 in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, March 7th.
According to Zacks, analysts expect that NN will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.60. For the next fiscal year, analysts forecast that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow NN.
Several analysts recently commented on NNBR shares. BidaskClub lowered shares of NN from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, KeyCorp reissued a “buy” rating and set a $36.00 target price on shares of NN in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, February 15th. NN’s dividend payout ratio is presently -54.90%.
In other NN news, Director David Floyd bought 1,865 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $26.98 per share, with a total value of $50,317.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of NN by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 238,818 shares of the industrial products company’s stock valued at $6,591,000 after acquiring an additional 3,622 shares in the last quarter. Yorktown Management & Research Co Inc lifted its position in shares of NN by 22.4% in the 4th quarter. Yorktown Management & Research Co Inc now owns 38,800 shares of the industrial products company’s stock valued at $1,071,000 after acquiring an additional 7,100 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of NN by 2.8% in the 4th quarter. Allianz Asset Management GmbH now owns 170,343 shares of the industrial products company’s stock valued at $4,701,000 after acquiring an additional 4,600 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of NN by 3.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 266,642 shares of the industrial products company’s stock valued at $7,359,000 after acquiring an additional 7,830 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of NN by 5.4% in the 4th quarter. Royce & Associates LP now owns 1,039,893 shares of the industrial products company’s stock valued at $28,701,000 after acquiring an additional 53,509 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.