Equities analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will announce sales of $72.10 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nanometrics’ earnings, with estimates ranging from $71.00 million to $73.00 million. Nanometrics posted sales of $59.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 21.6%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, May 1st.
On average, analysts expect that Nanometrics will report full-year sales of $289.40 million for the current fiscal year, with estimates ranging from $287.00 million to $291.20 million. For the next financial year, analysts anticipate that the business will report sales of $313.25 million per share, with estimates ranging from $311.50 million to $315.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The company had revenue of $78.20 million during the quarter, compared to the consensus estimate of $76.95 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Nanometrics’s revenue for the quarter was up 32.1% on a year-over-year basis.
NANO has been the topic of several research reports. Zacks Investment Research lowered shares of Nanometrics from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Finally, Benchmark reissued a “buy” rating and issued a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th.
NASDAQ NANO traded down $0.09 during trading hours on Thursday, hitting $25.13. The company had a trading volume of 96,287 shares, compared to its average volume of 131,863. Nanometrics has a 1-year low of $22.08 and a 1-year high of $32.42. The company has a market capitalization of $600.10, a PE ratio of 20.43, a P/E/G ratio of 1.26 and a beta of 1.51.
In related news, Director Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Monday, March 5th. The shares were sold at an average price of $26.48, for a total transaction of $529,600.00. Following the sale, the director now owns 352,087 shares of the company’s stock, valued at approximately $9,323,263.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Janet Therese Taylor sold 1,654 shares of Nanometrics stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.54, for a total transaction of $40,589.16. The disclosure for this sale can be found here. Insiders have sold a total of 85,001 shares of company stock worth $2,331,551 in the last ninety days. 6.90% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH grew its holdings in Nanometrics by 70.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock worth $1,926,000 after acquiring an additional 27,723 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Nanometrics by 7.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 107,583 shares of the semiconductor company’s stock worth $2,681,000 after purchasing an additional 7,288 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nanometrics by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock worth $41,540,000 after purchasing an additional 67,827 shares in the last quarter. Rhumbline Advisers increased its position in shares of Nanometrics by 16.9% in the fourth quarter. Rhumbline Advisers now owns 57,955 shares of the semiconductor company’s stock worth $1,444,000 after acquiring an additional 8,374 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Nanometrics in the fourth quarter worth approximately $209,000. 85.34% of the stock is owned by institutional investors.
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Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
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