NN (NASDAQ:NNBR) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $1.10-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $861.94 million.
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of NN in a research note on Monday, January 7th. They issued an overweight rating and a $15.00 price objective for the company. Zacks Investment Research upgraded shares of NN from a sell rating to a hold rating in a research note on Thursday, February 21st. BidaskClub lowered shares of NN from a buy rating to a hold rating in a research note on Friday, March 1st. Finally, TheStreet lowered shares of NN from a c- rating to a d+ rating in a research note on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $21.50.
Shares of NNBR stock opened at $7.61 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.36 and a debt-to-equity ratio of 1.32. NN has a 12-month low of $5.55 and a 12-month high of $25.55. The company has a market cap of $320.41 million, a PE ratio of 4.91 and a beta of 1.38.
NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.05). NN had a return on equity of 7.02% and a net margin of 1.38%. The company had revenue of $199.48 million for the quarter, compared to analysts’ expectations of $203.05 million. Equities analysts forecast that NN will post 1.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 3.68%. NN’s payout ratio is currently 18.06%.
In related news, insider Thomas C. Jr. Burwell purchased 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was bought at an average price of $6.13 per share, for a total transaction of $42,910.00. Following the purchase, the insider now directly owns 46,329 shares in the company, valued at approximately $283,996.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carey A. Smith purchased 5,000 shares of the firm’s stock in a transaction dated Monday, December 24th. The shares were bought at an average price of $5.80 per share, with a total value of $29,000.00. Following the purchase, the director now owns 11,331 shares in the company, valued at $65,719.80. The disclosure for this purchase can be found here. Company insiders own 2.74% of the company’s stock.
A hedge fund recently raised its stake in NN stock. Geode Capital Management LLC boosted its holdings in shares of NN, Inc. (NASDAQ:NNBR) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,507 shares of the industrial products company’s stock after buying an additional 115,157 shares during the period. Geode Capital Management LLC owned approximately 1.09% of NN worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 99.78% of the company’s stock.
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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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