NN, Inc. (NASDAQ:NNBR) to Post Q1 2024 Earnings of ($0.10) Per Share, Noble Financial Forecasts

NN, Inc. (NASDAQ:NNBR) – Research analysts at Noble Financial issued their Q1 2024 earnings estimates for shares of NN in a research report issued on Monday, April 15th. Noble Financial analyst J. Gomes anticipates that the industrial products company will post earnings of ($0.10) per share for the quarter. Noble Financial has a “Outperform” rating and a $6.00 price objective on the stock. The consensus estimate for NN’s current full-year earnings is ($0.21) per share. Noble Financial also issued estimates for NN’s Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.19) EPS and FY2025 earnings at ($0.02) EPS.

A number of other equities research analysts have also recently issued reports on NNBR. StockNews.com upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. TheStreet upgraded shares of NN from a “d” rating to a “c-” rating in a report on Wednesday, February 14th.

NN Trading Up 1.8 %

Shares of NASDAQ:NNBR opened at $3.88 on Wednesday. The stock has a market capitalization of $192.21 million, a PE ratio of -2.87 and a beta of 3.02. NN has a 1 year low of $0.97 and a 1 year high of $5.40. The firm has a fifty day moving average price of $4.64 and a 200 day moving average price of $3.56. The company has a current ratio of 2.24, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19.

NN (NASDAQ:NNBR) last posted its quarterly earnings results on Monday, March 11th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). NN had a negative net margin of 10.25% and a negative return on equity of 9.19%. The company had revenue of $112.53 million for the quarter, compared to analysts’ expectations of $116.00 million.

Institutional Trading of NN

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in shares of NN during the second quarter valued at approximately $28,000. Prudential Financial Inc. bought a new stake in shares of NN during the second quarter valued at approximately $39,000. Charles Schwab Investment Management Inc. bought a new stake in shares of NN during the fourth quarter valued at approximately $43,000. Wynnefield Capital Inc. bought a new stake in shares of NN during the second quarter valued at approximately $67,000. Finally, Barclays PLC grew its stake in shares of NN by 703.0% during the fourth quarter. Barclays PLC now owns 17,071 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 14,945 shares during the last quarter. 53.92% of the stock is owned by institutional investors.

About NN

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.