NN, Inc. (NNBR) Releases FY17 Earnings Guidance

NN, Inc. (NASDAQ:NNBR) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.57-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.61. The company issued revenue guidance of $745-755 million, compared to the consensus revenue estimate of $748.75 million.NN also updated its Q3 guidance to $0.26-0.31 EPS.

A number of research firms have recently commented on NNBR. BidaskClub lowered shares of NN from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a hold rating and issued a $29.00 target price on shares of NN in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of NN from a hold rating to a strong sell rating in a research note on Wednesday. William Blair reissued a market perform rating on shares of NN in a research note on Tuesday, July 11th. Finally, TheStreet raised shares of NN from a c+ rating to a b rating in a research note on Monday, June 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $30.25.

NN, Inc. (NASDAQ:NNBR) traded up 1.38% on Friday, reaching $25.75. 224,850 shares of the company’s stock traded hands. NN, Inc. has a 12-month low of $13.43 and a 12-month high of $31.65. The stock has a 50 day moving average price of $27.82 and a 200 day moving average price of $25.58. The stock’s market cap is $707.22 million.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221 million. NN had a positive return on equity of 14.45% and a negative net margin of 0.77%. NN’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Analysts forecast that NN, Inc. will post $1.62 EPS for the current year.

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NN Company Profile

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

Earnings History and Estimates for NN (NASDAQ:NNBR)

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