Q2 2018 Earnings Estimate for NN, Inc. Issued By William Blair (NNBR)

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.

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.

Earnings History and Estimates for NN (NASDAQ:NNBR)

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