NN, Inc. (NASDAQ:NNBR) – Analysts at William Blair increased their Q2 2017 earnings per share estimates for shares of NN in a note issued to investors on Tuesday. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.48. William Blair has a “Market Perform” rating on the stock.
NN (NASDAQ:NNBR) last released its earnings results on Thursday, May 4th. The industrial products company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $226.31 million during the quarter, compared to the consensus estimate of $215.86 million. NN had a return on equity of 14.04% and a net margin of 2.00%.
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Several other research firms have also recently weighed in on NNBR. Zacks Investment Research cut NN from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine upgraded NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. SunTrust Banks, Inc. started coverage on NN in a report 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. Finally, TheStreet upgraded NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.67.
Shares of NN (NASDAQ NNBR) opened at 29.20 on Thursday. NN has a 52-week low of $13.43 and a 52-week high of $31.65. The company has a 50-day moving average price of $28.30 and a 200-day moving average price of $23.72. The company has a market cap of $801.98 million, a P/E ratio of 47.87 and a beta of 0.63.
Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares during the last quarter. LSV Asset Management raised its stake in NN by 124.8% in the first quarter. LSV Asset Management now owns 113,102 shares of the industrial products company’s stock valued at $2,850,000 after buying an additional 62,800 shares during the last quarter. Wells Fargo & Company MN raised its stake in NN by 0.7% in the first quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock valued at $635,000 after buying an additional 176 shares during the last quarter. First Manhattan Co. raised its stake in NN by 0.5% in the first quarter. First Manhattan Co. now owns 209,600 shares of the industrial products company’s stock valued at $3,825,000 after buying an additional 950 shares during the last quarter. Finally, Skylands Capital LLC raised its stake in NN by 4.5% in the first quarter. Skylands Capital LLC now owns 407,436 shares of the industrial products company’s stock valued at $10,267,000 after buying an additional 17,536 shares during the last quarter. 95.85% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, May 31st. NN’s dividend payout ratio is presently 45.90%.
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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