Wall Street analysts expect that Nanometrics Incorporated (NASDAQ:NANO) will announce $0.46 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Nanometrics’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.45. Nanometrics posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 6th.
Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Nanometrics had a net margin of 19.23% and a return on equity of 10.26%. The company had revenue of $56.70 million during the quarter, compared to analysts’ expectations of $56.53 million. During the same period in the prior year, the company earned $0.33 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year.
A number of equities research analysts have issued reports on NANO shares. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Benchmark Co. restated a “buy” rating and set a $34.00 price target on shares of Nanometrics in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.67.
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In other news, General Counsel Janet Therese Taylor sold 2,505 shares of the firm’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 transaction of $64,253.25. Following the completion of the sale, the general counsel now owns 35,833 shares of the company’s stock, valued at $919,116.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $28.15, for a total transaction of $563,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,738 shares of company stock valued at $1,346,740. 6.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in shares of Nanometrics during the second quarter worth approximately $106,000. State of Alaska Department of Revenue increased its holdings in shares of Nanometrics by 79.4% during the second quarter. State of Alaska Department of Revenue now owns 4,988 shares of the semiconductor company’s stock worth $126,000 after buying an additional 2,208 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nanometrics during the third quarter worth approximately $158,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Nanometrics by 29.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,000 shares of the semiconductor company’s stock worth $213,000 after buying an additional 1,600 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in shares of Nanometrics by 36.9% during the third quarter. LS Investment Advisors LLC now owns 7,824 shares of the semiconductor company’s stock worth $225,000 after buying an additional 2,109 shares in the last quarter. 80.99% of the stock is owned by institutional investors.
Shares of Nanometrics (NANO) opened at $26.45 on Tuesday. Nanometrics has a fifty-two week low of $22.23 and a fifty-two week high of $32.42. The stock has a market cap of $678.00, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.81.
Nanometrics Company Profile
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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