$0.38 EPS Expected for Nanometrics Incorporated (NASDAQ:NANO) This Quarter

Wall Street brokerages expect Nanometrics Incorporated (NASDAQ:NANO) to post earnings per share of $0.38 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nanometrics’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.31. Nanometrics reported earnings of $0.47 per share in the same quarter last year, which would indicate a negative year over year growth rate of 19.1%. The firm is expected to report its next quarterly earnings report on Tuesday, October 29th.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Nanometrics.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. The business had revenue of $67.62 million for the quarter, compared to analyst estimates of $65.38 million. Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. Nanometrics’s quarterly revenue was down 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share.

Several analysts have issued reports on the company. Zacks Investment Research lowered Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley assumed coverage on Nanometrics in a research note on Wednesday, June 19th. They issued a “buy” rating and a $41.00 target price on the stock. Benchmark restated a “buy” rating and issued a $39.00 target price on shares of Nanometrics in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price (up from $37.00) on shares of Nanometrics in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $40.00.

Shares of NANO traded up $0.12 during mid-day trading on Friday, hitting $30.96. The stock had a trading volume of 6,360 shares, compared to its average volume of 157,989. The company has a market capitalization of $756.51 million, a price-to-earnings ratio of 13.05, a P/E/G ratio of 2.08 and a beta of 1.65. The stock’s fifty day moving average price is $33.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.98 and a current ratio of 5.24. Nanometrics has a 52 week low of $25.52 and a 52 week high of $48.26.

In related news, Director Timothy J. Stultz sold 12,014 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $35.17, for a total transaction of $422,532.38. Following the completion of the transaction, the director now directly owns 239,263 shares in the company, valued at $8,414,879.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy J. Stultz sold 47,986 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $35.04, for a total value of $1,681,429.44. Following the transaction, the director now owns 257,249 shares of the company’s stock, valued at $9,014,004.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,725 shares of company stock valued at $2,129,533. 6.10% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Cutler Group LP lifted its stake in shares of Nanometrics by 16,666.7% in the 1st quarter. Cutler Group LP now owns 1,509 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,500 shares during the last quarter. Penserra Capital Management LLC raised its position in Nanometrics by 71.8% during the 1st quarter. Penserra Capital Management LLC now owns 2,685 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 1,122 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nanometrics by 28.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,703 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 824 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Nanometrics by 154.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,744 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 4,698 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in Nanometrics by 453.3% during the 1st quarter. Marshall Wace North America L.P. now owns 7,802 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 6,392 shares during the last quarter. Institutional investors and hedge funds own 86.19% 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, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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