NN Inc. (NASDAQ:NNBR) – Equities research analysts at KeyCorp raised their FY2016 EPS estimates for NN in a research note issued on Tuesday. KeyCorp analyst S. Barger now anticipates that the firm will post earnings of $1.65 per share for the year, up from their previous forecast of $1.62.
NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. NN had a positive return on equity of 10.72% and a negative net margin of 2.85%. The company had revenue of $214.30 million for the quarter, compared to analysts’ expectations of $223.14 million. During the same period last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis.
Separately, Zacks Investment Research downgraded NN from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $18.00.
NN (NASDAQ:NNBR) opened at 19.50 on Friday. The stock’s 50 day moving average price is $18.11 and its 200 day moving average price is $16.22. The firm’s market capitalization is $528.94 million. NN has a 12 month low of $10.34 and a 12 month high of $20.39.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, August 31st. NN’s payout ratio is currently -34.15%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new position in shares of NN during the second quarter valued at approximately $220,000. Nordea Investment Management AB acquired a new position in shares of NN during the second quarter valued at approximately $481,000. First Manhattan Co. acquired a new position in shares of NN during the second quarter valued at approximately $2,937,000. Royal Bank of Canada increased its position in shares of NN by 7.8% in the first quarter. Royal Bank of Canada now owns 2,263,002 shares of the company’s stock valued at $30,957,000 after buying an additional 164,535 shares during the last quarter. Finally, Skyline Asset Management LP increased its position in shares of NN by 26.2% in the first quarter. Skyline Asset Management LP now owns 791,600 shares of the company’s stock valued at $10,829,000 after buying an additional 164,500 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.
NN Company Profile