NN, Inc. (NNBR) to Post FY2018 Earnings of $2.32 Per Share, KeyCorp Forecasts

NN, Inc. (NASDAQ:NNBR) – Stock analysts at KeyCorp boosted their FY2018 earnings per share (EPS) estimates for shares of NN in a note issued to investors on Thursday, according to Zacks Investment Research. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings per share of $2.32 for the year, up from their prior estimate of $2.14.

NN (NASDAQ:NNBR) last released its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The firm had revenue of $226.31 million for the quarter, compared to analyst estimates of $215.86 million. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. ILLEGAL ACTIVITY NOTICE: “NN, Inc. (NNBR) to Post FY2018 Earnings of $2.32 Per Share, KeyCorp Forecasts” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/05/19/fy2018-earnings-forecast-for-nn-inc-issued-by-keycorp-nnbr-updated.html.

Earnings History and Estimates for NN (NASDAQ:NNBR)

Separately, Zacks Investment Research downgraded NN from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th.

NN (NASDAQ:NNBR) traded up 0.54% during mid-day trading on Monday, reaching $27.70. The company’s stock had a trading volume of 63,979 shares. NN has a 52-week low of $12.77 and a 52-week high of $31.65. The firm has a 50 day moving average price of $27.12 and a 200 day moving average price of $21.33. The company has a market cap of $760.78 million, a price-to-earnings ratio of 45.41 and a beta of 0.86.

Hedge funds have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust increased its stake in shares of NN by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 16,034 shares of the industrial products company’s stock worth $293,000 after buying an additional 313 shares during the last quarter. DIAM Co. Ltd. acquired a new stake in shares of NN during the third quarter worth $199,000. ACK Asset Management LLC increased its stake in shares of NN by 14.4% in the third quarter. ACK Asset Management LLC now owns 725,000 shares of the industrial products company’s stock worth $13,231,000 after buying an additional 91,000 shares during the last quarter. SG Capital Management LLC acquired a new stake in shares of NN during the third quarter worth $1,084,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of NN during the fourth quarter worth $1,194,000. Hedge funds and other institutional investors own 96.99% of the company’s stock.

About NN

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.

5 Day Chart for NASDAQ:NNBR

Get a free copy of the Zacks research report on NN (NNBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply