FY2019 EPS Estimates for NN, Inc. Reduced by Analyst (NASDAQ:NNBR)

NN, Inc. (NASDAQ:NNBR) – Stock analysts at William Blair dropped their FY2019 EPS estimates for NN in a research report issued on Monday, November 11th. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings per share of $0.88 for the year, down from their previous estimate of $1.05. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for NN’s Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.29 EPS and Q4 2020 earnings at $0.23 EPS.

NN (NASDAQ:NNBR) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). NN had a negative net margin of 29.60% and a positive return on equity of 9.97%. The firm had revenue of $213.90 million during the quarter, compared to analysts’ expectations of $216.32 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 4.0% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, ValuEngine downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.25.

Shares of NNBR opened at $9.73 on Tuesday. NN has a twelve month low of $5.55 and a twelve month high of $11.70. The company has a market cap of $371.77 million, a P/E ratio of 8.32 and a beta of 1.71. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 2.42. The company’s fifty day simple moving average is $7.19 and its 200-day simple moving average is $7.80.

A number of hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA increased its stake in 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 worth $62,004,000 after buying an additional 58,900 shares during the period. BlackRock Inc. increased its stake in NN by 2.1% in the 2nd quarter. BlackRock Inc. now owns 3,026,811 shares of the industrial products company’s stock worth $29,541,000 after buying an additional 63,287 shares during the period. Paradigm Capital Management Inc. NY increased its stake in 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 worth $21,120,000 after buying an additional 22,900 shares during the period. Smith Graham & Co. Investment Advisors LP increased its stake in 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 worth $7,984,000 after buying an additional 34,345 shares during the period. Finally, Northern Trust Corp increased its stake in NN by 3.6% in the 2nd quarter. Northern Trust Corp now owns 493,835 shares of the industrial products company’s stock worth $4,819,000 after buying an additional 17,030 shares during the period. 93.49% of the stock is currently owned by institutional investors.

About NN

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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