Analysts Expect NN, Inc. (NNBR) to Post $0.48 EPS

Wall Street analysts expect NN, Inc. (NASDAQ:NNBR) to report $0.48 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NN’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. NN posted earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that NN will report full year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.90. For the next financial year, analysts forecast that the business will report earnings of $2.15 per share, with EPS estimates ranging from $1.80 to $2.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover NN.

NN (NASDAQ:NNBR) last announced its earnings results on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The firm had revenue of $226.31 million during the quarter, compared to analyst estimates of $215.86 million. NN had a net margin of 2.00% and a return on equity of 14.04%.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. ValuEngine upgraded NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded NN from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, March 7th.

A number of large investors have recently bought and sold shares of NNBR. Bank of Montreal Can purchased a new position in shares of NN during the first quarter worth approximately $162,000. Highbridge Capital Management LLC purchased a new position in shares of NN during the fourth quarter worth approximately $220,000. Teachers Advisors LLC raised its position in shares of NN by 13.5% in the fourth quarter. Teachers Advisors LLC now owns 47,211 shares of the industrial products company’s stock worth $899,000 after buying an additional 5,604 shares in the last quarter. Norges Bank purchased a new position in shares of NN during the fourth quarter worth approximately $5,388,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of NN by 6.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,698 shares of the industrial products company’s stock worth $356,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Shares of NN (NASDAQ NNBR) traded down 0.18% during trading on Friday, reaching $28.50. 289,358 shares of the company were exchanged. The stock has a 50-day moving average of $28.42 and a 200 day moving average of $22.71. The stock has a market capitalization of $777.82 million, a P/E ratio of 98.28 and a beta of 0.80. NN has a 52-week low of $12.77 and a 52-week high of $31.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 31st. NN’s dividend payout ratio (DPR) is presently 45.90%.

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About NN

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NNBR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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