Zacks Small Cap Forecasts NN’s FY2024 Earnings (NASDAQ:NNBR)

NN, Inc. (NASDAQ:NNBR) – Investment analysts at Zacks Small Cap issued their FY2024 earnings per share estimates for shares of NN in a note issued to investors on Monday, November 4th. Zacks Small Cap analyst T. Kerr forecasts that the industrial products company will earn ($0.18) per share for the year. The consensus estimate for NN’s current full-year earnings is ($0.16) per share. Zacks Small Cap also issued estimates for NN’s Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.05) EPS.

NN Price Performance

NN stock opened at $3.70 on Wednesday. The stock has a market cap of $184.82 million, a price-to-earnings ratio of -3.39 and a beta of 2.96. The firm has a 50-day moving average of $3.77 and a two-hundred day moving average of $3.54. NN has a 1 year low of $2.01 and a 1 year high of $5.40. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18.

NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. The firm had revenue of $122.99 million during the quarter, compared to analyst estimates of $123.59 million. During the same period in the previous year, the firm earned ($0.08) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NNBR. Empowered Funds LLC raised its position in NN by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 9,112 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of NN by 72.4% during the third quarter. GSA Capital Partners LLP now owns 61,898 shares of the industrial products company’s stock valued at $241,000 after buying an additional 25,989 shares during the period. Moss Adams Wealth Advisors LLC bought a new stake in shares of NN in the third quarter valued at about $43,000. SG Americas Securities LLC bought a new stake in shares of NN in the third quarter valued at about $60,000. Finally, Nantahala Capital Management LLC lifted its stake in NN by 3.6% in the second quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company’s stock worth $4,369,000 after acquiring an additional 50,000 shares during the period. Institutional investors own 53.92% of the company’s stock.

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.