NN (NNBR) Receiving Somewhat Positive Media Coverage, Accern Reports
News headlines about NN (NASDAQ:NNBR) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NN earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 44.9770652156922 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- New stock records in sight; Ryanair hits turbulence; Bitcoin recovers (money.cnn.com)
- INNATE PHARMA, First half of 2017: delivering key clinical data and strengthening the pipeline (feeds.benzinga.com)
- NN, Inc. (NNBR) Receives Buy Rating from KeyCorp (americanbankingnews.com)
- British Airways flight held at Paris airport over security concern – CNN (cnn.com)
- NN, Inc. breached its 50 day moving average in a Bullish Manner : NNBR-US : September 15, 2017 (finance.yahoo.com)
A number of research firms recently weighed in on NNBR. William Blair reaffirmed a “market perform” rating on shares of NN in a report on Tuesday, July 11th. ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. Finally, BidaskClub cut shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.40.
NN (NASDAQ:NNBR) opened at 27.80 on Monday. The firm’s 50-day moving average is $26.01 and its 200 day moving average is $26.61. NN has a 1-year low of $13.43 and a 1-year high of $31.65. The firm’s market cap is $765.61 million.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The company had revenue of $225.88 million for the quarter, compared to the consensus estimate of $221.00 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that NN will post $1.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.07 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. NN’s dividend payout ratio is presently -116.67%.
In related news, Director Steven T. Warshaw sold 2,000 shares of NN stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $26.82, for a total value of $53,640.00. Following the completion of the transaction, the director now directly owns 58,732 shares of the company’s stock, valued at $1,575,192.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven T. Warshaw sold 5,000 shares of NN stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $27.08, for a total value of $135,400.00. Following the completion of the transaction, the director now directly owns 58,732 shares of the company’s stock, valued at $1,590,462.56. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.
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NN Company Profile
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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