$0.46 Earnings Per Share Expected for Nanometrics Incorporated (NANO) This Quarter

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.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/11/14/0-46-earnings-per-share-expected-for-nanometrics-incorporated-nano-this-quarter.html.

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.

Get a free copy of the Zacks research report on Nanometrics (NANO)

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

Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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

Latest News

Leave a Reply