NN (NASDAQ:NNBR) released its quarterly earnings data on Thursday. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03), Briefing.com reports. The company had revenue of $213.90 million for the quarter, compared to the consensus estimate of $216.32 million. NN had a positive return on equity of 8.04% and a negative net margin of 30.86%. NN’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.
NASDAQ NNBR traded up $1.08 during trading hours on Friday, hitting $8.77. The company’s stock had a trading volume of 735,200 shares, compared to its average volume of 312,731. The company’s 50-day simple moving average is $7.07 and its two-hundred day simple moving average is $7.81. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 2.42. NN has a 52 week low of $5.55 and a 52 week high of $11.70. The company has a market capitalization of $349.32 million, a PE ratio of 7.50 and a beta of 1.71.
A number of equities analysts have recently issued reports on NNBR shares. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research report on Friday, October 11th. ValuEngine cut shares of NN from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. NN has a consensus rating of “Hold” and a consensus target price of $11.25.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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