NN, Inc. (NNBR) To Go Ex-Dividend on August 30th
NN, Inc. (NASDAQ:NNBR) declared a quarterly dividend on Monday, August 14th, NASDAQ reports. Shareholders 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 yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 30th.
NN (NASDAQ:NNBR) opened at 25.60 on Tuesday. The firm’s market cap is $705.02 million. NN has a 12 month low of $13.43 and a 12 month high of $31.65. The firm’s 50-day moving average price is $27.32 and its 200-day moving average price is $26.03.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million for 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 14.58%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts expect that NN will post $1.62 EPS for the current fiscal year.
A number of research analysts recently weighed in on NNBR shares. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. William Blair restated a “market perform” rating on shares of NN in a research report on Thursday, August 17th. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus restated a “hold” rating and set a $29.00 price objective on shares of NN in a research report on Friday, August 4th. Finally, SunTrust Banks, Inc. started coverage on shares of NN in a research report on Thursday, June 15th. They set a “buy” rating and a $37.00 price objective on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.25.
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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