Equities Analysts Offer Predictions for NN, Inc.’s Q2 2017 Earnings (NNBR)

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%.

COPYRIGHT VIOLATION NOTICE: “Equities Analysts Offer Predictions for NN, Inc.’s Q2 2017 Earnings (NNBR)” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/07/25/equities-analysts-offer-predictions-for-nn-inc-s-q2-2017-earnings-nnbr-updated.html.

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.

Earnings History and Estimates for NN (NASDAQ:NNBR)

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

Leave a Reply

Your email address will not be published. Required fields are marked *

*

3 × four =