NN - NNBR Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NN in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NNBR shares.
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1 Wall Street analysts have issued 1-year price targets for NN's stock. Their NNBR share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 243.3% from the stock's current price.
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NN's stock was trading at $4.10 at the start of the year. Since then, NNBR shares have decreased by 43.2% and is now trading at $2.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our NNBR earnings forecast.

NN, Inc. (NASDAQ:NNBR) posted its quarterly earnings results on Thursday, November, 4th. The industrial products company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The industrial products company earned $117.24 million during the quarter, compared to the consensus estimate of $119.30 million. NN had a negative trailing twelve-month return on equity of 1.86% and a negative net margin of 3.07%. During the same period last year, the company posted $0.07 earnings per share.

NN issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $510.00 million-$525.00 million, compared to the consensus revenue estimate of $520.93 million.

18 employees have rated NN Chief Executive Officer Richard D. Holder on Glassdoor.com. Richard D. Holder has an approval rating of 34% among the company's employees. This puts Richard D. Holder in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NN investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), NIC (EGOV), Precision Drilling (PD) and Och-Ziff Capital Management Group (OZM).

NN trades on the NASDAQ under the ticker symbol "NNBR."

NN's stock is owned by a variety of institutional and retail investors. Top institutional investors include Corre Partners Management LLC (12.36%), Paradigm Capital Management Inc. NY (8.86%), Primecap Management Co. CA (5.25%), Royce & Associates LP (4.94%), Allspring Global Investments Holdings LLC (2.64%) and Victory Capital Management Inc. (1.59%). Insiders that own company stock include Christina Carroll, Corre Partners Management, Llc, Jeri J Harman, Jeri J Harman, Joao V Faria, John Buchan, Jr Michael C Felcher, Raynard D Benvenuti, Raynard D Benvenuti, Thomas Hampton Jr Wilson and Warren A Veltman.
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Shares of NNBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NNBR stock can currently be purchased for approximately $2.33.

NN (NASDAQ:NNBR) has a market capitalization of $102.24 million and generates $477.58 million in revenue each year. The industrial products company earns $-13,230,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

The company employs 3,419 workers across the globe.

NN was founded in 1980.

NN's mailing address is 6210 Ardrey Kell Road, Charlotte NC, 28277. The official website for the company is www.nninc.com. The industrial products company can be reached via phone at (980) 264-4300, via email at investors@nninc.com, or via fax at 423-743-2670.