NN (NASDAQ:NNBR) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.10-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.14. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $869.76 million.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of NN from a sell rating to a hold rating in a report on Thursday, February 21st. BidaskClub cut shares of NN from a buy rating to a hold rating in a report on Friday, March 1st. Finally, Robert W. Baird dropped their target price on shares of NN from $11.00 to $9.00 and set a neutral rating on the stock in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $20.17.
NN stock traded up $0.08 during trading hours on Friday, hitting $9.09. The company had a trading volume of 1,266,814 shares, compared to its average volume of 392,073. The stock has a market cap of $381.73 million, a P/E ratio of 7.77 and a beta of 1.42. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 1.94. NN has a one year low of $5.55 and a one year high of $23.60.
An institutional investor recently raised its position in NN stock. Geode Capital Management LLC raised its stake in NN, Inc. (NASDAQ:NNBR) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 460,507 shares of the industrial products company’s stock after acquiring an additional 115,157 shares during the quarter. Geode Capital Management LLC owned about 1.09% of NN worth $3,090,000 at the end of the most recent reporting period.
WARNING: “NN (NNBR) Releases FY19 Earnings Guidance” was published by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://dakotafinancialnews.com/2019/05/10/nn-nnbr-releases-fy19-earnings-guidance.html.
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.
Recommended Story: Does the discount rate affect the economy?
Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.