News coverage about NN (NASDAQ:NNBR) has trended somewhat positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NN earned a daily sentiment score of 0.19 on Alpha One’s scale. Alpha One also gave media headlines about the industrial products company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected AlphaOne Sentiment Analysis’s scoring:
- BRIEF-ARDONBLUE VENTURES ANNOUNCES PRIVATE PLACEMENT OF UP TO 20 MLN UNITS (feeds.reuters.com)
- BRIEF-YELLOWHEAD MINING ANNOUNCES EFFECTIVE DATE OF 1 FOR 12 SHARE CONSOLIDATION (feeds.reuters.com)
- Pound Dives After UK Election Shock, Lifting Main FTSE Shares – New York Times (nytimes.com)
- $0.48 EPS Expected for NN, Inc. (NNBR) This Quarter (americanbankingnews.com)
- Uber just pissed off dozens of longtime employees; now they’re gunning for management – TechCrunch (techcrunch.com)
Shares of NN (NASDAQ:NNBR) traded up 0.53% during midday trading on Friday, hitting $28.55. The stock had a trading volume of 207,271 shares. The firm has a market cap of $784.13 million, a PE ratio of 46.80 and a beta of 0.86. The firm has a 50-day moving average of $28.42 and a 200 day moving average of $22.71. NN has a 12-month low of $12.77 and a 12-month high of $31.65.
NN (NASDAQ:NNBR) last announced its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. The company had revenue of $226.31 million during the quarter, compared to the consensus estimate of $215.86 million. On average, analysts expect that NN will post $1.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.98%. NN’s dividend payout ratio is currently -33.33%.
NNBR has been the subject of a number of research analyst reports. TheStreet upgraded NN from a “c+” rating to a “b” rating in a report on Monday. ValuEngine upgraded NN from a “hold” rating to a “buy” rating in a report 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 for the company in a report on Tuesday, March 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NN currently has a consensus rating of “Buy” and an average price target of $23.33.
NN Company Profile
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.
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