Nanometrics (NANO) Updates Q4 Earnings Guidance

Nanometrics (NASDAQ:NANO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.33-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48. The company issued revenue guidance of $69-75 million, compared to the consensus revenue estimate of $76.25 million.

A number of brokerages have commented on NANO. DA Davidson downgraded shares of Nanometrics from a buy rating to a neutral rating and set a $21.00 target price on the stock. in a research note on Thursday, August 16th. They noted that the move was a valuation call. BidaskClub upgraded shares of Nanometrics from a sell rating to a hold rating in a research note on Friday, August 3rd. Benchmark upped their target price on shares of Nanometrics to $43.00 and gave the stock a buy rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Nanometrics from a buy rating to a hold rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research downgraded shares of Nanometrics from a buy rating to a hold rating in a research note on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $35.50.

Shares of NANO traded up $1.12 during mid-day trading on Tuesday, hitting $31.83. The company’s stock had a trading volume of 293,200 shares, compared to its average volume of 309,259. Nanometrics has a 52-week low of $22.08 and a 52-week high of $48.26. The stock has a market capitalization of $747.03 million, a PE ratio of 25.52, a PEG ratio of 1.12 and a beta of 1.81.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Nanometrics had a net margin of 16.55% and a return on equity of 19.74%. The firm had revenue of $88.60 million during the quarter, compared to analysts’ expectations of $86.53 million. During the same quarter in the prior year, the company earned $0.30 EPS. The company’s revenue was up 37.5% compared to the same quarter last year. On average, equities analysts expect that Nanometrics will post 2.3 earnings per share for the current fiscal year.

In other news, Director Bruce C. Rhine sold 3,655 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $42.65, for a total value of $155,885.75. Following the completion of the sale, the director now owns 693,418 shares of the company’s stock, valued at approximately $29,574,277.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Janet Therese Taylor sold 747 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $41.93, for a total transaction of $31,321.71. The disclosure for this sale can be found here. Insiders sold a total of 66,063 shares of company stock valued at $2,789,433 in the last ninety days. Corporate insiders own 6.90% of the company’s stock.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

Featured Story: Insider Trading – What You Need to Know

Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply