William Blair Comments on NN, Inc.’s Q4 2020 Earnings (NASDAQ:NNBR)

NN, Inc. (NASDAQ:NNBR) – Research analysts at William Blair lifted their Q4 2020 earnings per share (EPS) estimates for NN in a note issued to investors on Tuesday, August 25th. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.10.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.03. The firm had revenue of $150.42 million during the quarter, compared to analyst estimates of $158.48 million. NN had a positive return on equity of 5.90% and a negative net margin of 37.97%.

Other analysts have also issued reports about the company. BidaskClub lowered NN from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 20th. Zacks Investment Research lowered NN from a “hold” rating to a “sell” rating in a research report on Thursday, August 13th. Finally, ValuEngine upgraded NN from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th.

Shares of NNBR stock opened at $4.82 on Wednesday. The stock has a 50-day moving average price of $5.46 and a 200 day moving average price of $4.81. The company has a quick ratio of 1.61, a current ratio of 2.48 and a debt-to-equity ratio of 15.49. The firm has a market cap of $234.25 million, a price-to-earnings ratio of 17.68 and a beta of 3.38. NN has a 12 month low of $1.35 and a 12 month high of $10.15.

Several institutional investors have recently bought and sold shares of NNBR. Charles Schwab Investment Management Inc. grew its position in shares of NN by 8.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 286,515 shares of the industrial products company’s stock valued at $1,359,000 after purchasing an additional 21,932 shares during the period. Bank of America Corp DE grew its position in shares of NN by 52.1% in the 2nd quarter. Bank of America Corp DE now owns 98,330 shares of the industrial products company’s stock valued at $466,000 after purchasing an additional 33,669 shares during the period. Nantahala Capital Management LLC acquired a new position in shares of NN in the 2nd quarter valued at approximately $1,972,000. FMR LLC acquired a new position in shares of NN in the 2nd quarter valued at approximately $2,950,000. Finally, Goldman Sachs Group Inc. grew its position in shares of NN by 75.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 180,578 shares of the industrial products company’s stock valued at $856,000 after purchasing an additional 77,915 shares during the period. Institutional investors own 82.36% of the company’s stock.

About NN

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: Lock-Up Period Expiration

Earnings History and Estimates for NN (NASDAQ:NNBR)

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