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%.
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.
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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