NN, Inc. (NASDAQ:NNBR) – Analysts at William Blair lowered their Q4 2019 EPS estimates for NN in a note issued to investors on Monday, November 11th. William Blair analyst N. Heymann now anticipates that the industrial products company will earn $0.16 per share for the quarter, down from their prior estimate of $0.30. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for NN’s FY2020 earnings at $1.05 EPS.
Several other research analysts have also weighed in on NNBR. BidaskClub raised NN from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine lowered NN from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, Zacks Investment Research raised NN from a “sell” rating to a “hold” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. NN presently has an average rating of “Hold” and an average target price of $11.25.
NN (NASDAQ:NNBR) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). NN had a positive return on equity of 9.97% and a negative net margin of 29.60%. The business had revenue of $213.90 million during the quarter, compared to the consensus estimate of $216.32 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of NNBR. Bank of Montreal Can boosted its stake in NN by 150.4% during the 2nd quarter. Bank of Montreal Can now owns 5,939 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 3,567 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in NN during the 2nd quarter valued at about $68,000. Jefferies Group LLC acquired a new position in NN during the 2nd quarter valued at about $105,000. US Bancorp DE boosted its stake in NN by 32.5% during the 2nd quarter. US Bancorp DE now owns 11,301 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in NN by 18.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.
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.
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