NN, Inc. (NASDAQ:NNBR) to Post Q2 2024 Earnings of $0.02 Per Share, Sidoti Csr Forecasts

NN, Inc. (NASDAQ:NNBRFree Report) – Analysts at Sidoti Csr upped their Q2 2024 EPS estimates for NN in a research note issued on Tuesday, May 7th. Sidoti Csr analyst J. Franzreb now expects that the industrial products company will post earnings of $0.02 per share for the quarter, up from their previous estimate of ($0.03). The consensus estimate for NN’s current full-year earnings is ($0.18) per share. Sidoti Csr also issued estimates for NN’s Q3 2024 earnings at ($0.03) EPS.

A number of other equities analysts have also weighed in on the stock. Noble Financial started coverage on shares of NN in a research report on Monday, April 15th. They issued an “outperform” rating and a $6.00 price target for the company. StockNews.com upgraded shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, TheStreet upgraded shares of NN from a “d” rating to a “c-” rating in a research report on Wednesday, February 14th.

Check Out Our Latest Stock Analysis on NNBR

NN Stock Performance

Shares of NASDAQ NNBR opened at $3.44 on Friday. The firm has a 50 day moving average of $4.23 and a 200 day moving average of $3.77. The company has a current ratio of 2.24, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $170.42 million, a price-to-earnings ratio of -2.46 and a beta of 3.04. NN has a 12-month low of $1.22 and a 12-month high of $5.40.

NN (NASDAQ:NNBRGet Free Report) last announced its earnings results on Monday, March 11th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $112.53 million for the quarter, compared to the consensus estimate of $116.00 million. NN had a negative net margin of 10.86% and a negative return on equity of 8.53%.

Hedge Funds Weigh In On NN

A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of NN during the first quarter worth $53,000. Fifth Lane Capital LP bought a new position in shares of NN during the first quarter worth $53,000. Empowered Funds LLC boosted its position in shares of NN by 8.1% during the first quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 11,900 shares during the last quarter. Cannon Global Investment Management LLC bought a new position in shares of NN during the first quarter worth $85,000. Finally, Victory Capital Management Inc. bought a new position in shares of NN during the fourth quarter worth $140,000. 53.92% of the stock is currently owned by institutional investors.

About NN

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for NN (NASDAQ:NNBR)

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