NN, Inc. (NASDAQ:NNBR) – Equities researchers at William Blair lifted their Q2 2018 earnings estimates for NN in a research report issued to clients and investors on Friday, May 11th. William Blair analyst N. Heymann now forecasts that the industrial products company will earn $0.37 per share for the quarter, up from their previous forecast of $0.31.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded NN from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. BidaskClub downgraded NN from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. ValuEngine upgraded NN from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Stifel Nicolaus lowered their price target on NN from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.25.
NASDAQ NNBR opened at $22.40 on Monday. The company has a quick ratio of 3.02, a current ratio of 3.77 and a debt-to-equity ratio of 1.62. The company has a market cap of $616.96 million, a PE ratio of 14.45 and a beta of 0.84. NN has a one year low of $22.20 and a one year high of $22.55.
NN (NASDAQ:NNBR) last posted its earnings results on Thursday, May 10th. The industrial products company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $169.15 million for the quarter, compared to the consensus estimate of $167.81 million. NN had a net margin of 3.35% and a return on equity of 9.02%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the stock. Earnest Partners LLC bought a new stake in NN in the fourth quarter worth $135,000. Capital Fund Management S.A. bought a new stake in shares of NN during the fourth quarter worth $215,000. Teacher Retirement System of Texas bought a new stake in shares of NN during the fourth quarter worth $247,000. MetLife Investment Advisors LLC bought a new stake in shares of NN during the fourth quarter worth $350,000. Finally, Gotham Asset Management LLC bought a new stake in shares of NN during the fourth quarter worth $395,000. Institutional investors own 97.45% of the company’s stock.
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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