Wall Street brokerages expect that NN, Inc. (NASDAQ:NNBR) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for NN’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.53. NN posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year-over-year growth rate of 58.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that NN will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.65. For the next financial year, analysts forecast that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $2.00 to $2.12. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover NN.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Thursday, August 9th. The industrial products company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. NN had a net margin of 3.05% and a return on equity of 7.53%. The firm had revenue of $196.30 million during the quarter, compared to analysts’ expectations of $197.21 million. During the same quarter in the prior year, the business earned $0.51 EPS. NN’s quarterly revenue was up 24.3% compared to the same quarter last year.

Several analysts have recently commented on the stock. SunTrust Banks restated a “buy” rating and issued a $33.00 target price on shares of NN in a research note on Sunday. ValuEngine upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Saturday, May 12th. BidaskClub cut shares of NN from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Finally, Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. NN has a consensus rating of “Hold” and a consensus price target of $28.75.

Shares of NNBR stock traded down $0.35 during mid-day trading on Friday, hitting $19.70. The stock had a trading volume of 261,406 shares, compared to its average volume of 194,416. NN has a fifty-two week low of $18.05 and a fifty-two week high of $32.90. The stock has a market capitalization of $554.71 million, a PE ratio of 12.71 and a beta of 1.02. The company has a debt-to-equity ratio of 1.62, a quick ratio of 3.02 and a current ratio of 3.77.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Monday, September 3rd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 30th. NN’s dividend payout ratio (DPR) is presently 18.06%.

Several hedge funds have recently added to or reduced their stakes in NNBR. A.R.T. Advisors LLC purchased a new position in shares of NN in the 1st quarter valued at about $239,000. MetLife Investment Advisors LLC purchased a new position in shares of NN in the 4th quarter valued at about $350,000. Stifel Financial Corp increased its holdings in shares of NN by 33.3% in the 1st quarter. Stifel Financial Corp now owns 20,000 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 5,000 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of NN by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 28,137 shares of the industrial products company’s stock valued at $532,000 after purchasing an additional 3,407 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of NN in the 4th quarter valued at about $610,000. Institutional investors own 98.74% 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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