Brokerages predict that NN, Inc. (NASDAQ:NNBR) will post earnings per share (EPS) of $0.29 for the current quarter, according to Zacks. Four analysts have made estimates for NN’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. NN reported earnings of $0.38 per share during the same quarter last year, which indicates a negative year over year growth rate of 23.7%. The company is scheduled to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that NN will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.57 to $1.65. For the next year, analysts expect that the business will post earnings of $1.78 per share, with EPS estimates ranging from $1.70 to $1.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover NN.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $225.88 million during the quarter, compared to analyst estimates of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.45%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share.

NNBR has been the subject of a number of research reports. TheStreet upgraded NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. ValuEngine upgraded NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. initiated coverage on NN in a research note on Thursday, June 15th. They issued a “buy” rating and a $37.00 target price for the company. They noted that the move was a valuation call. Zacks Investment Research lowered NN from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 target price on shares of NN in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.25.

Several hedge funds have recently made changes to their positions in NNBR. D.A. Davidson & CO. acquired a new stake in shares of NN during the second quarter worth $139,000. Envestnet Asset Management Inc. raised its stake in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after buying an additional 530 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of NN during the first quarter worth approximately $162,000. Highbridge Capital Management LLC purchased a new stake in shares of NN during the fourth quarter worth approximately $220,000. Finally, US Bancorp DE raised its stake in shares of NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after buying an additional 457 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$0.29 Earnings Per Share Expected for NN, Inc. (NNBR) This Quarter” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.watchlistnews.com/0-29-earnings-per-share-expected-for-nn-inc-nnbr-this-quarter/1495825.html.

NN (NASDAQ NNBR) traded down 1.15% during trading on Wednesday, hitting $25.90. 95,459 shares of the stock traded hands. The stock’s market cap is $711.34 million. NN has a one year low of $13.43 and a one year high of $31.65. The company has a 50-day moving average price of $27.76 and a 200 day moving average price of $25.76.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. NN’s dividend payout ratio (DPR) is presently -116.67%.

About NN

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.

Get a free copy of the Zacks research report on NN (NNBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 Analyst Ratings Network's FREE daily email newsletter.