Noble Financial Issues Pessimistic Estimate for NN Earnings

Key Points

• Noble Financial has reduced its FY2025 earnings per share estimate for NN, Inc. to $0.04, down from $0.06, while the current consensus estimate stands at ($0.20) per share.
• NN, Inc. reported $0.02 earnings per share for the latest quarter, exceeding expectations by $0.03, despite having a negative return on equity of 5.29%.
• Shares of NN have recently increased by 11.1%, currently trading at $2.40 with a market cap of $121.08 million.

NN, Inc. (NASDAQ:NNBR - Free Report) - Noble Financial cut their FY2025 earnings per share estimates for shares of NN in a report issued on Monday, August 11th. Noble Financial analyst J. Gomes now anticipates that the industrial products company will earn $0.04 per share for the year, down from their prior forecast of $0.06. The consensus estimate for NN's current full-year earnings is ($0.20) per share.

NN (NASDAQ:NNBR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.45 million. NN had a negative return on equity of 5.29% and a negative net margin of 8.84%.

Several other brokerages have also commented on NNBR. Wall Street Zen upgraded NN from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley began coverage on NN in a research report on Thursday, July 31st. They set a "buy" rating and a $4.00 price objective on the stock.

NN Price Performance

Shares of NN stock traded down $0.01 during trading on Wednesday, hitting $2.29. 55,108 shares of the stock traded hands, compared to its average volume of 399,789. The company has a quick ratio of 1.22, a current ratio of 1.93 and a debt-to-equity ratio of 2.59. The stock has a market cap of $115.53 million, a price-to-earnings ratio of -2.03 and a beta of 2.03. The firm's fifty day moving average is $2.12 and its 200-day moving average is $2.29. NN has a 52 week low of $1.58 and a 52 week high of $4.67.

Hedge Funds Weigh In On NN

Several institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its holdings in NN by 139.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 1,856,200 shares of the industrial products company's stock valued at $6,070,000 after acquiring an additional 1,080,755 shares during the period. Nantahala Capital Management LLC lifted its holdings in NN by 69.4% in the 2nd quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company's stock worth $5,127,000 after buying an additional 1,000,000 shares during the period. RBF Capital LLC purchased a new stake in NN in the 2nd quarter worth approximately $601,000. Marshall Wace LLP lifted its holdings in NN by 334.0% in the 2nd quarter. Marshall Wace LLP now owns 257,234 shares of the industrial products company's stock worth $540,000 after buying an additional 197,960 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in NN in the 2nd quarter worth approximately $343,000. 53.92% of the stock is currently owned by institutional investors.

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.