Zacks: Analysts Expect Nanometrics Incorporated (NASDAQ:NANO) Will Announce Earnings of $0.38 Per Share

Wall Street brokerages expect that Nanometrics Incorporated (NASDAQ:NANO) will report earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nanometrics’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.31. Nanometrics reported earnings of $0.47 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.1%. The company is expected to report its next quarterly earnings results on Tuesday, October 29th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Nanometrics.

Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $67.62 million during the quarter, compared to analysts’ expectations of $65.38 million. Nanometrics had a return on equity of 10.97% and a net margin of 10.58%. Nanometrics’s revenue was down 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share.



NANO has been the subject of several recent research reports. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley initiated coverage on Nanometrics in a report on Wednesday, June 19th. They set a “buy” rating and a $41.00 price objective for the company. ValuEngine lowered Nanometrics from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark reiterated a “buy” rating and set a $39.00 price objective on shares of Nanometrics in a report on Wednesday, July 31st. Finally, BidaskClub upgraded Nanometrics from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.00.

Several large investors have recently made changes to their positions in NANO. Hancock Whitney Corp raised its position in shares of Nanometrics by 20.4% during the 1st quarter. Hancock Whitney Corp now owns 29,068 shares of the semiconductor company’s stock worth $898,000 after acquiring an additional 4,922 shares in the last quarter. Marshall Wace North America L.P. raised its position in shares of Nanometrics by 453.3% during the 1st quarter. Marshall Wace North America L.P. now owns 7,802 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 6,392 shares in the last quarter. FMR LLC raised its position in shares of Nanometrics by 15.6% during the 1st quarter. FMR LLC now owns 1,209,498 shares of the semiconductor company’s stock worth $37,349,000 after acquiring an additional 163,008 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Nanometrics during the 2nd quarter worth about $349,000. Finally, Peregrine Capital Management LLC raised its position in shares of Nanometrics by 45.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 450,328 shares of the semiconductor company’s stock worth $15,631,000 after acquiring an additional 141,135 shares in the last quarter. Institutional investors and hedge funds own 89.00% of the company’s stock.

Shares of NASDAQ:NANO traded up $0.55 during midday trading on Wednesday, hitting $32.63. 128,600 shares of the stock were exchanged, compared to its average volume of 213,104. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.01 and a current ratio of 5.34. Nanometrics has a 52-week low of $25.52 and a 52-week high of $38.60. The business’s fifty day simple moving average is $30.26 and its two-hundred day simple moving average is $31.47. The company has a market capitalization of $823.06 million, a PE ratio of 13.77 and a beta of 1.64.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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