NN, Inc. (NNBR) Expected to Post Q3 2019 Earnings of $0.35 Per Share

NN, Inc. (NASDAQ:NNBR) – Research analysts at KeyCorp upped their Q3 2019 EPS estimates for shares of NN in a research report issued on Sunday, May 12th. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings per share of $0.35 for the quarter, up from their previous estimate of $0.34. KeyCorp also issued estimates for NN’s FY2019 earnings at $1.15 EPS.

NN (NASDAQ:NNBR) last released its earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. NN had a negative net margin of 34.01% and a positive return on equity of 7.79%. The firm had revenue of $213.26 million for the quarter, compared to analyst estimates of $209.86 million.

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of NN from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Robert W. Baird dropped their price target on shares of NN from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Finally, Zacks Investment Research lowered shares of NN from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.17.

Shares of NN stock opened at $9.20 on Wednesday. The company has a market capitalization of $391.47 million, a price-to-earnings ratio of 7.86 and a beta of 1.42. NN has a 52 week low of $5.55 and a 52 week high of $23.60. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.20 and a current ratio of 1.90.

A number of institutional investors have recently made changes to their positions in NNBR. Private Management Group Inc. increased its stake in NN by 194.2% in the fourth quarter. Private Management Group Inc. now owns 2,949,556 shares of the industrial products company’s stock valued at $19,792,000 after purchasing an additional 1,946,913 shares during the last quarter. BlackRock Inc. increased its stake in NN by 54.8% in the fourth quarter. BlackRock Inc. now owns 3,014,206 shares of the industrial products company’s stock valued at $20,224,000 after purchasing an additional 1,067,418 shares during the last quarter. Royce & Associates LP increased its stake in NN by 42.1% in the fourth quarter. Royce & Associates LP now owns 1,990,495 shares of the industrial products company’s stock valued at $13,356,000 after purchasing an additional 589,871 shares during the last quarter. Vanguard Group Inc increased its stake in NN by 45.5% in the third quarter. Vanguard Group Inc now owns 1,747,698 shares of the industrial products company’s stock valued at $27,264,000 after purchasing an additional 546,327 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in NN by 45.5% in the third quarter. Vanguard Group Inc. now owns 1,747,698 shares of the industrial products company’s stock valued at $27,264,000 after purchasing an additional 546,327 shares during the last quarter.

About NN

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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Earnings History and Estimates for NN (NASDAQ:NNBR)

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