Noble Financial Issues Negative Forecast for NN Earnings

Key Points

• Noble Financial cut its Q3 2026 EPS estimate for NN to $0.02 from $0.06, while forecasting $0.13 EPS for fiscal 2026 and $0.19 for fiscal 2027.
• NN recently reported quarterly EPS of $0.11, exceeding expectations of $0.06, and revenue of $128.74 million versus the $116.09 million consensus estimate.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $5.67 price target; NN shares opened at $3.63 and have risen from a 52-week low of $1.10.

NN, Inc. (NASDAQ:NNBR - Free Report) - Research analysts at Noble Financial dropped their Q3 2026 EPS estimates for shares of NN in a report issued on Monday, August 10th. Noble Financial analyst J. Gomes now expects that the industrial products company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.06. The consensus estimate for NN's current full-year earnings is $0.16 per share. Noble Financial also issued estimates for NN's Q4 2026 earnings at $0.01 EPS, FY2026 earnings at $0.13 EPS and FY2027 earnings at $0.19 EPS.

NN (NASDAQ:NNBR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share for the quarter. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%.The business had revenue of $128.74 million for the quarter, compared to analysts' expectations of $116.09 million.

A number of other research analysts have also recently weighed in on the company. Craig Hallum began coverage on NN in a research report on Monday, July 20th. They issued a "buy" rating and a $7.00 price target for the company. Lake Street Capital reiterated a "buy" rating and issued a $7.00 price objective on shares of NN in a research report on Friday. B. Riley Financial cut shares of NN from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of NN from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NN in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.67.

NN Stock Performance

Shares of NNBR stock opened at $3.63 on Tuesday. The stock has a fifty day moving average price of $3.27 and a 200 day moving average price of $2.35. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.08 and a current ratio of 1.79. The stock has a market cap of $191.45 million, a PE ratio of -3.78 and a beta of 2.57. NN has a 1 year low of $1.10 and a 1 year high of $4.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new stake in shares of NN during the third quarter worth about $27,000. Hudson Bay Capital Management LP purchased a new position in shares of NN during the second quarter valued at approximately $29,000. Virtu Financial LLC acquired a new stake in NN during the fourth quarter worth approximately $30,000. Quinn Opportunity Partners LLC acquired a new stake in NN during the fourth quarter worth approximately $32,000. Finally, Addison Advisors LLC purchased a new stake in NN in the 2nd quarter worth approximately $39,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

About NN

NN, Inc NASDAQ: NNBR is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company's operations are organized into three business segments.

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