Research Analysts Offer Predictions for NN, Inc.’s FY2019 Earnings (NASDAQ:NNBR)

NN, Inc. (NASDAQ:NNBR) – Stock analysts at William Blair cut their FY2019 earnings estimates for shares of NN in a research note issued to investors on Monday, November 11th. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $0.88 for the year, down from their prior estimate of $1.05. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for NN’s Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.29 EPS and Q4 2020 earnings at $0.23 EPS.

NN (NASDAQ:NNBR) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.27 EPS for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $216.32 million. During the same period in the previous year, the firm earned $0.30 EPS. The company’s revenue was up 4.0% on a year-over-year basis.

NNBR has been the topic of several other research reports. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. BidaskClub upgraded shares of NN from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, ValuEngine downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.25.

NASDAQ:NNBR opened at $9.41 on Tuesday. The company’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $7.80. The firm has a market capitalization of $371.77 million, a P/E ratio of 8.04 and a beta of 1.71. NN has a one year low of $5.55 and a one year high of $11.70. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.13 and a quick ratio of 1.27.

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of NN by 41.4% during the second quarter. Victory Capital Management Inc. now owns 203,500 shares of the industrial products company’s stock valued at $1,986,000 after purchasing an additional 59,600 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of NN by 0.9% during the second quarter. Primecap Management Co. CA now owns 6,352,900 shares of the industrial products company’s stock valued at $62,004,000 after purchasing an additional 58,900 shares during the last quarter. BlackRock Inc. raised its holdings in shares of NN by 2.1% during the second quarter. BlackRock Inc. now owns 3,026,811 shares of the industrial products company’s stock valued at $29,541,000 after purchasing an additional 63,287 shares during the last quarter. Aperio Group LLC raised its holdings in shares of NN by 40.3% during the second quarter. Aperio Group LLC now owns 32,329 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 9,281 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NN by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 488,066 shares of the industrial products company’s stock valued at $4,764,000 after purchasing an additional 6,816 shares during the last quarter. Hedge funds and other 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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Earnings History and Estimates for NN (NASDAQ:NNBR)

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