NN (NASDAQ:NNBR) Posts Earnings Results, Misses Estimates By $0.03 EPS

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 Company Profile

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Earnings History for NN (NASDAQ:NNBR)

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