NN (NASDAQ:NNBR) is scheduled to release its Q3 earnings data after the market closes on Wednesday, November 7th. Analysts expect NN to post earnings of $0.36 per share for the quarter.
NN (NASDAQ:NNBR) last posted 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 7.64%. The firm had revenue of $196.30 million for the quarter, compared to the consensus estimate of $197.21 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. On average, analysts expect NN to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NNBR opened at $12.49 on Tuesday. NN has a fifty-two week low of $11.46 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.78 and a current ratio of 2.62. The firm has a market cap of $349.67 million, a price-to-earnings ratio of 8.06 and a beta of 1.38.
In other news, VP Matthew S. Heiter bought 2,150 shares of NN stock in a transaction dated Monday, September 17th. The shares were bought at an average price of $15.99 per share, for a total transaction of $34,378.50. Following the purchase, the vice president now owns 18,184 shares of the company’s stock, valued at $290,762.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Holder bought 3,100 shares of NN stock in a transaction dated Friday, September 14th. The stock was purchased at an average price of $16.04 per share, for a total transaction of $49,724.00. Following the purchase, the chief executive officer now directly owns 173,401 shares in the company, valued at approximately $2,781,352.04. The disclosure for this purchase can be found here. Insiders bought a total of 6,450 shares of company stock worth $103,387 in the last 90 days. 2.74% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in NN stock. Bank of New York Mellon Corp grew its position in NN, Inc. (NASDAQ:NNBR) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,308 shares of the industrial products company’s stock after purchasing an additional 12,119 shares during the period. Bank of New York Mellon Corp owned about 0.55% of NN worth $2,898,000 as of its most recent filing with the SEC. Institutional investors own 96.89% of the company’s stock.
A number of research firms have weighed in on NNBR. ValuEngine downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. Zacks Investment Research downgraded shares of NN from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 11th. BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 16th. Robert W. Baird started coverage on shares of NN in a research note on Monday, October 8th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, SunTrust Banks restated a “buy” rating and issued a $33.00 target price on shares of NN in a research note on Sunday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.40.
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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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