Q1 2023 EPS Estimates for NN, Inc. (NASDAQ:NNBR) Decreased by Analyst

NN, Inc. (NASDAQ:NNBR – Get Rating) – Stock analysts at KeyCorp cut their Q1 2023 EPS estimates for shares of NN in a research note issued to investors on Sunday, March 12th. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings per share of ($0.03) for the quarter, down from their prior forecast of $0.02. The consensus estimate for NN’s current full-year earnings is $0.29 per share. KeyCorp also issued estimates for NN’s FY2023 earnings at $0.15 EPS and FY2024 earnings at $0.40 EPS.

NN Stock Performance

Shares of NASDAQ NNBR opened at $1.27 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. NN has a 12-month low of $1.25 and a 12-month high of $3.61. The firm has a market capitalization of $55.71 million, a price-to-earnings ratio of -1.55 and a beta of 2.80. The firm has a 50 day moving average of $1.96 and a 200 day moving average of $1.94.

Hedge Funds Weigh In On NN

Several institutional investors and hedge funds have recently bought and sold shares of NNBR. First Manhattan Co. raised its stake in shares of NN by 26.1% in the third quarter. First Manhattan Co. now owns 1,450,000 shares of the industrial products company’s stock worth $2,479,000 after buying an additional 300,000 shares during the period. Legion Partners Asset Management LLC raised its stake in NN by 1.6% during the 3rd quarter. Legion Partners Asset Management LLC now owns 4,139,151 shares of the industrial products company’s stock worth $7,078,000 after acquiring an additional 65,000 shares during the period. Royce & Associates LP raised its stake in NN by 5.3% during the 3rd quarter. Royce & Associates LP now owns 2,284,487 shares of the industrial products company’s stock worth $3,906,000 after acquiring an additional 115,000 shares during the period. Corre Partners Management LLC raised its stake in NN by 1.2% during the 3rd quarter. Corre Partners Management LLC now owns 5,488,041 shares of the industrial products company’s stock worth $9,385,000 after acquiring an additional 62,789 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in NN by 173.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 136,495 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 86,550 shares during the period. 73.81% of the stock is currently owned by hedge funds and other institutional investors.

NN Company Profile

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NN, Inc engages in the design and manufacture high-precision components and assemblies primarily for the electrical, automotive, general industrial, aerospace and defense, and medical markets. It operates through the Mobile Solutions and Power Solutions segments. The Mobile Solutions segment manufactures system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors.