NN, Inc. (NASDAQ:NNBR) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of NN in a research note issued to investors on Saturday. William Blair analyst N. Heymann anticipates that the industrial products company will earn $0.32 per share for the quarter. William Blair also issued estimates for NN’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.38 EPS.
NN (NASDAQ:NNBR) last released its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). NN had a net margin of 4.87% and a return on equity of 11.94%. The business had revenue of $156.14 million during the quarter, compared to analyst estimates of $154.67 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.
Shares of NN (NASDAQ NNBR) opened at $24.40 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.16 and a quick ratio of 2.72. NN has a 1 year low of $21.85 and a 1 year high of $32.90. The firm has a market cap of $672.79, a P/E ratio of -20.17 and a beta of 0.83.
Institutional investors and hedge funds have recently made changes to their positions in the business. Earnest Partners LLC acquired a new position in NN during the fourth quarter valued at approximately $135,000. Capital Fund Management S.A. acquired a new position in NN during the fourth quarter valued at approximately $215,000. Teacher Retirement System of Texas acquired a new position in NN during the fourth quarter valued at approximately $247,000. Voya Investment Management LLC raised its position in NN by 20.0% during the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 2,037 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of NN during the third quarter worth $343,000. Institutional investors and hedge funds own 95.81% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.28 annualized dividend and a yield of 1.15%. NN’s dividend payout ratio is currently -23.14%.
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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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