Analysts expect NN, Inc. (NASDAQ:NNBR) to report $155.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for NN’s earnings, with estimates ranging from $154.70 million to $156.10 million. NN posted sales of $202.03 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, March 7th.
On average, analysts expect that NN will report full year sales of $155.27 million for the current year, with estimates ranging from $755.00 million to $756.50 million. For the next year, analysts anticipate that the company will post sales of $675.09 million per share, with estimates ranging from $668.90 million to $679.90 million. Zacks’ sales averages are an average based on a survey of analysts that follow NN.
NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. NN had a positive return on equity of 12.72% and a negative net margin of 1.76%. The firm had revenue of $148.16 million for the quarter, compared to analyst estimates of $150.50 million. During the same quarter last year, the company posted $0.38 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. BidaskClub raised NN from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised NN from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. ValuEngine lowered NN from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $36.00 price objective on shares of NN in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.00.
In other NN news, Director David Floyd acquired 1,865 shares of the stock in a transaction on Friday, December 1st. The shares were bought at an average price of $26.98 per share, with a total value of $50,317.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new stake in shares of NN during the 2nd quarter valued at approximately $139,000. Tudor Investment Corp ET AL acquired a new stake in shares of NN during the 2nd quarter valued at approximately $298,000. Virtu KCG Holdings LLC acquired a new stake in shares of NN during the 2nd quarter valued at approximately $323,000. American Century Companies Inc. acquired a new stake in shares of NN during the 3rd quarter valued at approximately $343,000. Finally, Voya Investment Management LLC lifted its position in shares of NN by 20.0% during the 2nd quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 2,037 shares during the period. Institutional investors own 92.97% of the company’s stock.
NN (NASDAQ:NNBR) traded up $0.25 during midday trading on Monday, hitting $29.05. The company had a trading volume of 34,513 shares, compared to its average volume of 86,127. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.72 and a current ratio of 3.16. NN has a 52-week low of $18.60 and a 52-week high of $32.90. The stock has a market capitalization of $803.77, a price-to-earnings ratio of 17.99 and a beta of 0.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, February 15th. NN’s dividend payout ratio is presently -54.90%.
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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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