Equities analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will post earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Nanometrics’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Nanometrics posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is expected to issue its next earnings results on Thursday, November 1st.

Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Nanometrics.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The firm had revenue of $88.60 million for the quarter, compared to analysts’ expectations of $86.53 million. Nanometrics had a net margin of 16.55% and a return on equity of 19.74%. The company’s quarterly revenue was up 37.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share.

Several analysts have weighed in on the stock. BidaskClub cut shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. ValuEngine cut shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. DA Davidson cut shares of Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research note on Thursday, August 16th. They noted that the move was a valuation call. Benchmark upped their price objective on shares of Nanometrics to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Nanometrics has a consensus rating of “Hold” and a consensus price target of $35.50.

In other news, SVP Rollin Kocher sold 720 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $35.32, for a total transaction of $25,430.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy J. Stultz sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $41.95, for a total transaction of $1,258,500.00. Following the sale, the director now directly owns 281,221 shares in the company, valued at $11,797,220.95. The disclosure for this sale can be found here. Insiders have sold 66,783 shares of company stock worth $2,814,864 over the last three months. 6.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Nanometrics during the first quarter valued at approximately $115,000. Sei Investments Co. lifted its holdings in Nanometrics by 12,967.9% in the second quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 3,631 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Nanometrics in the first quarter valued at approximately $154,000. Flinton Capital Management LLC lifted its holdings in Nanometrics by 32.1% in the first quarter. Flinton Capital Management LLC now owns 6,018 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 1,462 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Nanometrics in the second quarter valued at approximately $167,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nanometrics stock opened at $35.85 on Thursday. The stock has a market cap of $865.31 million, a price-to-earnings ratio of 16.83, a PEG ratio of 1.30 and a beta of 1.82. Nanometrics has a 1-year low of $22.08 and a 1-year high of $48.26.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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