NN, Inc. (NASDAQ:NNBR) – Research analysts at SunTrust Banks lowered their Q1 2018 EPS estimates for NN in a research report issued to clients and investors on Sunday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.44. SunTrust Banks also issued estimates for NN’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.95 EPS.
NN (NASDAQ:NNBR) last issued its earnings results on Thursday, March 8th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). NN had a return on equity of 11.94% and a net margin of 4.87%. The firm had revenue of $156.14 million during the quarter, compared to analysts’ expectations of $154.67 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year.
NN (NASDAQ NNBR) opened at $24.40 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. NN has a one year low of $22.15 and a one year high of $32.90. The company has a market cap of $692.78, a price-to-earnings ratio of 16.00 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 15th. NN’s payout ratio is 20.90%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in NN by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,090 shares of the industrial products company’s stock valued at $579,000 after acquiring an additional 126 shares in the last quarter. Voya Investment Management LLC boosted its holdings in NN by 20.0% in the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 2,037 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in NN by 2.1% in the fourth quarter. Driehaus Capital Management LLC now owns 152,339 shares of the industrial products company’s stock valued at $4,205,000 after acquiring an additional 3,132 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in NN by 8.4% in the fourth quarter. Victory Capital Management Inc. now owns 45,350 shares of the industrial products company’s stock valued at $1,252,000 after acquiring an additional 3,522 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in NN by 1.5% in the fourth 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. 95.81% of the stock is currently owned by institutional investors.
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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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