Noble Financial Estimates NN's FY2025 Earnings (NASDAQ:NNBR)

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) - Investment analysts at Noble Financial reduced their FY2025 earnings estimates for NN in a research report issued to clients and investors on Monday, August 11th. Noble Financial analyst J. Gomes now forecasts that the industrial products company will earn $0.04 per share for the year, down from their previous 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 released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. NN had a negative net margin of 8.84% and a negative return on equity of 5.29%. The firm had revenue of $107.92 million for the quarter, compared to the consensus estimate of $110.45 million.

NNBR has been the topic of several other research reports. Wall Street Zen upgraded shares of NN from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. B. Riley began coverage on shares of NN in a report on Thursday, July 31st. They set a "buy" rating and a $4.00 price objective on the stock.

NN Stock Down 5.0%

NNBR traded down $0.12 during trading on Wednesday, hitting $2.30. 118,692 shares of the company's stock were exchanged, compared to its average volume of 134,644. 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 business's 50 day moving average is $2.12 and its two-hundred day moving average is $2.29. NN has a fifty-two week low of $1.58 and a fifty-two week high of $4.67. The stock has a market cap of $116.04 million, a P/E ratio of -2.04 and a beta of 2.03.

Institutional Trading of NN

Several institutional investors and hedge funds have recently made changes to their positions in NNBR. Paradigm Capital Management Inc. NY raised its holdings in shares of NN by 139.4% in the fourth 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 purchasing an additional 1,080,755 shares during the last quarter. Nantahala Capital Management LLC raised its holdings in shares of NN by 69.4% in the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company's stock valued at $5,127,000 after purchasing an additional 1,000,000 shares during the last quarter. RBF Capital LLC purchased a new stake in shares of NN in the second quarter valued at about $601,000. Marshall Wace LLP raised its holdings in shares of NN by 334.0% in the second quarter. Marshall Wace LLP now owns 257,234 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 197,960 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of NN in the second quarter valued at about $343,000. Hedge funds and other institutional investors own 53.92% of the company's stock.

NN Company Profile

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.