NN, Inc. (NASDAQ:NNBR) – Equities research analysts at SunTrust Banks lowered their FY2018 earnings per share (EPS) estimates for shares of NN in a report released on Sunday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $1.46 per share for the year, down from their prior forecast of $1.77.
NN (NASDAQ:NNBR) last posted its quarterly earnings data 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 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 company earned $0.21 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis.
Shares of NN (NASDAQ NNBR) opened at $24.75 on Wednesday. NN has a 12 month low of $22.15 and a 12 month high of $32.90. The company has a market cap of $672.79, a P/E ratio of 15.54 and a beta of 0.83. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, February 15th. NN’s dividend payout ratio (DPR) is currently 20.90%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Earnest Partners LLC purchased a new stake in NN during the fourth quarter valued at about $135,000. Capital Fund Management S.A. bought a new stake in shares of NN during the fourth quarter valued at about $215,000. Teacher Retirement System of Texas bought a new stake in shares of NN during the fourth quarter valued at about $247,000. American Century Companies Inc. bought a new stake in shares of NN during the third quarter valued at about $343,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of NN during the fourth quarter valued at about $350,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.
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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