Zacks: Analysts Expect Nanometrics Incorporated (NANO) to Post $0.28 EPS
Equities research analysts expect that Nanometrics Incorporated (NASDAQ:NANO) will announce earnings per share of $0.28 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nanometrics’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. Nanometrics posted earnings per share of $0.33 in the same quarter last year, which indicates a negative year over year growth rate of 15.2%. The business is scheduled to issue its next earnings results on Thursday, October 26th.
Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company had revenue of $64.43 million for the quarter, compared to the consensus estimate of $66.37 million. During the same quarter last year, the business posted $0.26 EPS. Nanometrics’s quarterly revenue was up 15.5% on a year-over-year basis.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $31.00 in a research report on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.67.
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In related news, CEO Timothy J. Stultz sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $26.30, for a total value of $526,000.00. Following the transaction, the chief executive officer now directly owns 300,651 shares of the company’s stock, valued at approximately $7,907,121.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Janet Therese Taylor sold 2,505 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the completion of the transaction, the general counsel now directly owns 35,833 shares in the company, valued at $919,116.45. The disclosure for this sale can be found here. Insiders sold a total of 69,738 shares of company stock worth $1,813,540 over the last ninety days. 6.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NANO. BlackRock Inc. lifted its holdings in shares of Nanometrics by 81,374.7% during the 1st quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after buying an additional 3,088,170 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of Nanometrics by 72.5% during the 2nd quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock valued at $22,271,000 after buying an additional 370,127 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Nanometrics by 892.7% during the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after buying an additional 356,109 shares during the period. Credit Agricole S A bought a new position in shares of Nanometrics during the 1st quarter valued at $3,813,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Nanometrics by 134.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after buying an additional 201,969 shares during the period. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nanometrics (NANO) traded down 2.64% during trading on Thursday, reaching $28.02. The company’s stock had a trading volume of 229,222 shares. Nanometrics has a 12 month low of $18.65 and a 12 month high of $32.42. The firm has a market cap of $714.37 million, a PE ratio of 14.90 and a beta of 1.80. The company’s 50 day moving average price is $26.57 and its 200 day moving average price is $27.46.
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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