NN, Inc. (NASDAQ:NNBR) – Research analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of NN in a report issued on Saturday. William Blair analyst N. Heymann forecasts that the industrial products company will earn $0.32 per share for the quarter. William Blair also issued estimates for NN’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.38 EPS.
NNBR has been the subject of several other reports. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub lowered shares of NN from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 27th. Finally, ValuEngine lowered shares of NN from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.25.
NN (NASDAQ:NNBR) last announced its quarterly earnings data on Thursday, March 8th. The industrial products company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The company had revenue of $156.14 million for the quarter, compared to analyst estimates of $154.67 million. NN had a return on equity of 11.94% and a net margin of 4.87%. NN’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, February 15th. NN’s dividend payout ratio (DPR) is presently 20.90%.
Several hedge funds and other institutional investors have recently bought and sold shares of NNBR. Earnest Partners LLC acquired a new position in shares of NN in the 4th quarter valued at about $135,000. Capital Fund Management S.A. acquired a new position in shares of NN in the 4th quarter valued at about $215,000. Teacher Retirement System of Texas acquired a new position in shares of NN in the 4th quarter valued at about $247,000. Voya Investment Management LLC boosted its holdings in shares of NN by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after buying an additional 2,037 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of NN in the 3rd quarter valued at about $343,000. 95.81% of the stock is owned by institutional investors and hedge funds.
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NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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