$0.30 Earnings Per Share Expected for NN, Inc. (NASDAQ:NNBR) This Quarter

Equities research analysts forecast that NN, Inc. (NASDAQ:NNBR) will announce $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NN’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.32. NN also reported earnings per share of $0.30 during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, November 7th.

On average, analysts expect that NN will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.10. For the next year, analysts anticipate that the company will post earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks’ earnings per share averages are an average based on a survey of analysts that follow NN.

NN (NASDAQ:NNBR) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). The business had revenue of $213.90 million for the quarter, compared to the consensus estimate of $216.32 million. NN had a positive return on equity of 8.04% and a negative net margin of 30.86%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share.

A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Friday, October 11th. Finally, ValuEngine cut shares of NN from a “sell” rating to a “strong sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.44.

Shares of NASDAQ:NNBR opened at $8.77 on Wednesday. The stock has a market capitalization of $349.32 million, a price-to-earnings ratio of 7.50 and a beta of 1.71. NN has a 1-year low of $5.55 and a 1-year high of $11.70. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.27 and a current ratio of 2.13. The company has a 50 day moving average price of $7.07 and a 200 day moving average price of $7.81.

Several large investors have recently modified their holdings of the stock. Primecap Management Co. CA lifted its position in shares of NN by 0.9% in the 2nd quarter. Primecap Management Co. CA now owns 6,352,900 shares of the industrial products company’s stock valued at $62,004,000 after acquiring an additional 58,900 shares in the last quarter. BlackRock Inc. lifted its position in shares of NN by 2.1% in the 2nd quarter. BlackRock Inc. now owns 3,026,811 shares of the industrial products company’s stock valued at $29,541,000 after acquiring an additional 63,287 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in shares of NN by 1.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,163,900 shares of the industrial products company’s stock valued at $21,120,000 after acquiring an additional 22,900 shares in the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in shares of NN by 3.2% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,119,818 shares of the industrial products company’s stock valued at $7,984,000 after acquiring an additional 34,345 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of NN by 3.6% in the 2nd quarter. Northern Trust Corp now owns 493,835 shares of the industrial products company’s stock valued at $4,819,000 after acquiring an additional 17,030 shares in the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

NN Company Profile

NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.

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Earnings History and Estimates for NN (NASDAQ:NNBR)

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