NN, Inc. (NNBR) Declares $0.07 Quarterly Dividend
NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Monday, August 14th, NASDAQ reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.07 per share by the industrial products company on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, August 30th.
Shares of NN (NASDAQ NNBR) opened at 26.30 on Tuesday. NN has a one year low of $13.43 and a one year high of $31.65. The firm’s market capitalization is $722.33 million. The stock has a 50 day moving average of $27.80 and a 200-day moving average of $25.72.
NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $225.88 million during the quarter, compared to the consensus estimate of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.45%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that NN will post $1.62 earnings per share for the current fiscal year.
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Several brokerages have recently weighed in on NNBR. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. William Blair restated a “market perform” rating on shares of NN in a research note on Tuesday, July 11th. Finally, SunTrust Banks, Inc. began coverage on shares of 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. NN has an average rating of “Hold” and an average price target of $30.25.
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.
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