Equities research analysts expect NN, Inc. (NASDAQ:NNBR) to announce $218.00 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for NN’s earnings, with the highest sales estimate coming in at $223.50 million and the lowest estimate coming in at $213.70 million. NN posted sales of $196.35 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The company is scheduled to report its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that NN will report full year sales of $871.67 million for the current financial year, with estimates ranging from $857.90 million to $888.89 million. For the next fiscal year, analysts expect that the company will report sales of $915.90 million, with estimates ranging from $891.70 million to $928.76 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow NN.
NN (NASDAQ:NNBR) last posted its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The company had revenue of $213.26 million for the quarter, compared to the consensus estimate of $209.86 million. NN had a negative net margin of 34.01% and a positive return on equity of 7.79%.
In other news, Director David Floyd acquired 9,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $8.05 per share, with a total value of $72,450.00. Following the transaction, the director now directly owns 23,660 shares in the company, valued at $190,463. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Robert Atkinson acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average cost of $8.65 per share, for a total transaction of $25,950.00. Following the transaction, the executive vice president now owns 21,550 shares in the company, valued at $186,407.50. The disclosure for this purchase can be found here. Company insiders own 2.48% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Private Management Group Inc. grew its position in shares of NN by 0.5% in the 1st quarter. Private Management Group Inc. now owns 2,964,818 shares of the industrial products company’s stock worth $22,206,000 after buying an additional 15,262 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in shares of NN by 3.6% in the 1st quarter. Penn Capital Management Co. Inc. now owns 209,423 shares of the industrial products company’s stock worth $1,569,000 after buying an additional 7,213 shares during the last quarter. BlackRock Inc. grew its position in shares of NN by 54.8% in the 4th quarter. BlackRock Inc. now owns 3,014,206 shares of the industrial products company’s stock worth $20,224,000 after buying an additional 1,067,418 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of NN in the 4th quarter worth approximately $86,000. Finally, Smith Graham & Co. Investment Advisors LP grew its position in shares of NN by 0.8% in the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 1,088,163 shares of the industrial products company’s stock worth $8,150,000 after buying an additional 8,126 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.
NNBR stock traded up $0.19 during trading on Thursday, hitting $8.03. The company had a trading volume of 271,868 shares, compared to its average volume of 220,033. The stock has a market cap of $340.21 million, a price-to-earnings ratio of 7.30 and a beta of 1.56. NN has a 52-week low of $5.55 and a 52-week high of $22.15. The firm has a 50 day moving average of $8.60. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.90 and a quick ratio of 1.12.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, June 20th. NN’s dividend payout ratio (DPR) is 23.93%.
NN Company Profile
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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