NN (NNBR) Receiving Somewhat Critical Media Coverage, Analysis Finds

Headlines about NN (NASDAQ:NNBR) have trended somewhat negative this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NN earned a news sentiment score of -0.12 on Accern’s scale. Accern also assigned press coverage 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 stock’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

Insider Buying and Selling by Quarter for NN (NASDAQ:NNBR)

NNBR has been the subject of a number of research analyst reports. ValuEngine raised NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. initiated coverage on NN in a research note on Thursday, June 15th. They set a “buy” rating and a $37.00 price target for the company. They noted that the move was a valuation call. Zacks Investment Research raised NN from a “sell” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, March 7th. Finally, TheStreet raised NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. Four equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $30.67.

Shares of NN (NASDAQ NNBR) traded down 0.36% during midday trading on Wednesday, reaching $28.00. The company’s stock had a trading volume of 4,772 shares. The stock’s 50-day moving average is $28.69 and its 200-day moving average is $23.31. The company has a market capitalization of $769.02 million, a P/E ratio of 45.90 and a beta of 0.80. NN has a one year low of $12.77 and a one year high of $31.65.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. NN had a return on equity of 14.04% and a net margin of 2.00%. The business had revenue of $226.31 million during the quarter, compared to analyst estimates of $215.86 million. On average, equities analysts expect that NN will post $1.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.00%. NN’s dividend payout ratio is currently 45.90%.

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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.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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