About NN (NASDAQ:NNBR)
NN, Inc. is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company's operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets. Autocam Precision Components Group manufactures highly engineered, difficult-to-manufacture precision metal components and subassemblies for the automotive, heating, ventilating and air conditioning (HVAC), fluid power and diesel engine end markets.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Ball & Roller Bearings
- Sub-Industry: Industrial Machinery
- Symbol: NASDAQ:NNBR
- CUSIP: 62933710
- Web: www.nninc.com
Capitalization:- Market Cap: $845.48 million
- Outstanding Shares: 27,540,000
Average Prices:- 50 Day Moving Avg: $28.35
- 200 Day Moving Avg: $27.69
- 52 Week Range: $13.43 - $31.65
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 17.06
- P/E Growth: 0.96
Sales & Book Value:- Annual Revenue: $859.18 million
- Price / Sales: 0.98
- Book Value: $11.32 per share
- Price / Book: 2.71
Dividend:- Annual Dividend: $0.28
- Dividend Yield: 0.9%
Profitability:- EBITDA: $138.71 million
- Net Margins: -0.77%
- Return on Equity: 14.58%
- Return on Assets: 3.37%
Debt:- Debt-to-Equity Ratio: 2.67%
- Current Ratio: 2.23%
- Quick Ratio: 1.39%
Misc:- Average Volume: 135,235 shs.
- Beta: 0.71
- Short Ratio: 5.39
Frequently Asked Questions for NN (NASDAQ:NNBR)
What is NN's stock symbol?
NN trades on the NASDAQ under the ticker symbol "NNBR."
How often does NN pay dividends? What is the dividend yield for NN?
NN declared a quarterly dividend on Monday, August 14th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.07 per share on Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 30th. View NN's Dividend History.
How were NN's earnings last quarter?
NN, Inc. (NASDAQ:NNBR) released its earnings results on Wednesday, August, 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The business earned $225.88 million during the quarter, compared to analysts' expectations of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. View NN's Earnings History.
What guidance has NN issued on next quarter's earnings?
NN updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.57-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.61. The company issued revenue guidance of $745-755 million, compared to the consensus revenue estimate of $748.75 million.NN also updated its Q3 guidance to $0.26-0.31 EPS.
Where is NN's stock going? Where will NN's stock price be in 2017?
5 brokers have issued 1-year price targets for NN's stock. Their forecasts range from $29.00 to $37.00. On average, they anticipate NN's stock price to reach $33.00 in the next year. View Analyst Ratings for NN.
Who are some of NN's key competitors?
Some companies that are related to NN include EnPro Industries (NPO), Kaiser Aluminum Corporation (KALU), MRC Global (MRC), Actuant Corporation (ATU), Kaman Corporation (KAMN), ESCO Technologies (ESE), Sun Hydraulics Corporation (SNHY), Mobile Mini (MINI), Altra Industrial Motion Corp. (AIMC), Multi-Color Corporation (LABL), Acco Brands Corporation (ACCO), Hollysys Automation Technologies (HOLI), Century Aluminum Company (CENX), Standex International Corporation (SXI), Chart Industries (GTLS), Milacron Holdings Corp. (MCRN), Manitowoc Company, Inc. (The) (MTW) and Alamo Group (ALG).
Who are NN's key executives?
NN's management team includes the folowing people:
- Richard D. Holder, President, Chief Executive Officer, Director
- Thomas C. Burwell Jr., Chief Financial Officer, Senior Vice President
- Matthew S. Heiter, Senior Vice President, General Counsel
- J. Robert Atkinson, Vice President, Corporate Treasurer and Manager - Investor Relations
- John A Manzi, Senior Vice President and General Manager, Precision Engineered Products Group
- Warren A. Veltman, Senior Vice President – General Manager Autocam Precision Components Group
- James R. Widders, Senior Vice President - Integration and Corporate Transformation
- L. Jeff Manzagol, Vice President and General Manager - Precision Bearing Components Group
- Robert E. Brunner, Independent Non-Executive Chairman of the Board
- William Dries, Independent Director
Who owns NN stock?
NN's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Skylands Capital LLC (1.53%). Company insiders that own NN stock include David Floyd, David L Pugh, G Ronald Morris, L Jeffrey Manzagol, Matthew S Heiter, Steven T Warshaw and Thomas C Jr Burwell. View Institutional Ownership Trends for NN.
Who sold NN stock? Who is selling NN stock?
NN's stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC. Company insiders that have sold NN stock in the last year include Steven T Warshaw and Thomas C Jr Burwell. View Insider Buying and Selling for NN.
How do I buy NN stock?
Shares of NN can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NN's stock price today?
One share of NN stock can currently be purchased for approximately $30.70.
MarketBeat Community Rating for NN (NASDAQ NNBR)MarketBeat's community ratings are surveys of what our community members think about NN and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for NN (NASDAQ:NNBR) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.60) |
| Consensus Price Target: | $33.00 (7.49% upside) |
Consensus Price Target History for NN (NASDAQ:NNBR)
Analysts' Ratings History for NN (NASDAQ:NNBR)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/20/2017 | KeyCorp | Reiterated Rating | Buy | $36.00 | N/A |  |
| 8/31/2017 | William Blair | Reiterated Rating | Market Perform | | Low | |
| 8/4/2017 | Stifel Nicolaus | Reiterated Rating | Hold | $29.00 | Low | |
| 6/15/2017 | SunTrust Banks, Inc. | Initiated Coverage | Buy -> Buy | $37.00 | High | |
| 12/21/2016 | Lake Street Capital | Initiated Coverage | Buy | $30.00 | N/A | |
| 3/11/2016 | Avondale Partners | Lower Price Target | Market Outperform | $25.00 -> $16.00 | N/A | |
| 1/4/2016 | Stephens | Downgrade | Overweight -> Equal Weight | | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for NN (NASDAQ:NNBR)Earnings History by Quarter for NN (NASDAQ NNBR)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/2/2017 | Q2 2017 | $0.48 | $0.51 | $221.00 million | $225.88 million | View | Listen | |
| 5/4/2017 | Q1 2017 | $0.42 | $0.47 | $215.86 million | $226.31 million | View | Listen | |
| 3/1/2017 | Q416 | $0.35 | $0.35 | $201.97 million | $202.00 million | View | Listen | |
| 11/2/2016 | Q316 | $0.45 | $0.38 | $219.13 million | $205.00 million | View | N/A | |
| 8/3/2016 | Q216 | $0.46 | $0.46 | $223.14 million | $214.30 million | View | Listen | |
| 5/4/2016 | Q116 | $0.26 | $0.27 | $211.47 million | $212.20 million | View | Listen | |
| 3/10/2016 | Q415 | $0.25 | $0.25 | $186.26 million | $183.90 million | View | Listen | |
| 11/4/2015 | Q315 | $0.32 | $0.31 | $166.79 million | $154.80 million | View | N/A | |
| 8/5/2015 | Q215 | $0.35 | $0.37 | $166.72 million | $164.86 million | View | Listen | |
| 5/6/2015 | Q115 | $0.35 | $0.36 | $164.17 million | $163.70 million | View | N/A | |
| 3/10/2015 | Q414 | $0.32 | $0.30 | $160.05 million | $153.80 million | View | N/A | |
| 11/4/2014 | Q314 | $0.34 | $0.34 | $116.28 million | $125.60 million | View | N/A | |
| 8/5/2014 | Q214 | $0.33 | $0.33 | $107.57 million | $106.68 million | View | N/A | |
| 5/6/2014 | Q114 | $0.29 | $0.31 | $101.30 million | $102.53 million | View | Listen | |
| 3/11/2014 | Q413 | $0.26 | $0.25 | $91.10 million | $90.10 million | View | Listen | |
| 11/6/2013 | Q313 | $0.29 | $0.29 | $93.84 million | $93.00 million | View | Listen | |
| 8/6/2013 | Q2 2013 | $0.25 | $0.28 | $93.79 million | $96.30 million | View | Listen | |
| 5/7/2013 | Q1 2013 | $0.30 | $0.21 | $94.07 million | $93.80 million | View | Listen | |
| 3/11/2013 | Q4 2012 | $0.16 | $0.16 | $84.68 million | $80.20 million | View | Listen | |
| 11/8/2012 | Q312 | $0.22 | $0.22 | $89.90 million | $86.60 million | View | N/A | |
| 8/7/2012 | | $0.36 | $0.35 | | | View | N/A | |
| 5/7/2012 | | $0.33 | $0.39 | | | View | N/A | |
| 3/12/2012 | | $0.24 | $0.21 | | | View | N/A | |
| 11/1/2011 | | $0.28 | $0.20 | | | View | N/A | |
| 8/5/2011 | | $0.43 | $0.36 | | | View | N/A | |
| 5/5/2011 | | $0.31 | $0.33 | | | View | N/A | |
| 3/10/2011 | | $0.21 | $0.30 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for NN (NASDAQ:NNBR)2017 EPS Consensus Estimate: $1.61
2018 EPS Consensus Estimate: $1.80
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.37 | $0.42 | $0.40 |
| Q2 2017 | 3 | $0.43 | $0.49 | $0.46 |
| Q3 2017 | 3 | $0.25 | $0.42 | $0.35 |
| Q4 2017 | 3 | $0.39 | $0.41 | $0.40 |
| Q1 2018 | 2 | $0.42 | $0.44 | $0.43 |
| Q2 2018 | 2 | $0.45 | $0.48 | $0.47 |
| Q3 2018 | 2 | $0.45 | $0.47 | $0.46 |
| Q4 2018 | 1 | $0.44 | $0.44 | $0.44 |
(Data provided by Zacks Investment Research)
Current Dividend Information for NN (NASDAQ:NNBR)| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $0.28 |
| Dividend Yield: | 0.91% |
| Payout Ratio: | -116.67% (Trailing 12 Months of Earnings)
17.50% (Based on This Year's Estimates)
15.56% (Based on Next Year's Estimates)
|
Dividend History by Quarter for NN (NASDAQ NNBR)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/14/2017 | Quarterly | $0.07 | 1.07% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/22/2017 | quarterly | $0.07 | 1.02% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 1/24/2017 | quarterly | $0.07 | 1.45% | 2/15/2017 | 2/17/2017 | 3/3/2017 |
| 11/21/2016 | quarterly | $0.07 | 1.6% | 11/30/2016 | 12/2/2016 | 12/16/2016 |
| 8/12/2016 | quarterly | $0.07 | 1.7% | 8/31/2016 | 9/2/2016 | 9/16/2016 |
| 5/12/2016 | quarterly | $0.07 | 1.78% | 6/1/2016 | 6/3/2016 | 6/17/2016 |
| 1/26/2016 | quarterly | $0.07 | 2.42% | 2/17/2016 | 2/19/2016 | 3/4/2016 |
| 11/20/2015 | quarterly | $0.07 | 1.75% | 12/2/2015 | 12/4/2015 | 12/18/2015 |
| 8/14/2015 | quarterly | $0.07 | 1.15% | 9/2/2015 | 9/4/2015 | 9/18/2015 |
| 5/14/2015 | quarterly | $0.07 | 1% | 6/3/2015 | 6/5/2015 | 6/19/2015 |
| 1/23/2015 | quarterly | $0.07 | 1.22% | 2/18/2015 | 2/20/2015 | 3/6/2015 |
| 11/11/2014 | quarterly | $0.07 | 1.34% | 12/3/2014 | 12/5/2014 | 12/19/2014 |
| 8/15/2014 | quarterly | $0.07 | 0.99% | 9/3/2014 | 9/5/2014 | 9/19/2014 |
| 5/14/2014 | quarterly | $0.07 | 1.24% | 6/4/2014 | 6/6/2014 | 6/20/2014 |
| 2/11/2014 | quarterly | $0.07 | 1.51% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 11/15/2013 | quarterly | $0.06 | 1.35% | 11/25/2013 | 11/28/2013 | 12/20/2013 |
| 8/16/2013 | quarterly | $0.06 | 1.78% | 8/28/2013 | 8/30/2013 | 9/13/2013 |
| 6/11/2013 | quarterly | $0.06 | 2.52% | 6/21/2013 | 6/25/2013 | 7/9/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for NN (NASDAQ:NNBR)Insider Ownership Percentage: 2.80%
Institutional Ownership Percentage: 91.27%
Insider Trades by Quarter for NN (NASDAQ:NNBR)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/19/2017 | Steven T Warshaw | Director | Sell | 3,000 | $27.78 | $83,340.00 | |
| 9/18/2017 | Thomas C Jr. Burwell | Insider | Sell | 6,000 | $27.38 | $164,280.00 | |
| 9/15/2017 | Steven T Warshaw | Director | Sell | 5,000 | $27.08 | $135,400.00 | |
| 9/14/2017 | Steven T Warshaw | Director | Sell | 2,000 | $26.82 | $53,640.00 | |
| 1/25/2017 | Steven T Warshaw | Director | Sell | 7,500 | $20.01 | $150,075.00 | |
| 11/7/2016 | L Jeffrey Manzagol | SVP | Buy | 1,000 | $14.55 | $14,550.00 | |
| 8/19/2016 | David Floyd | Director | Buy | 1,458 | $16.99 | $24,771.42 | |
| 6/20/2016 | Steven T Warshaw | Director | Sell | 1,000 | $18.49 | $18,490.00 | |
| 6/7/2016 | Steven T Warshaw | Director | Sell | 2,500 | $19.02 | $47,550.00 | |
| 3/11/2016 | G Ronald Morris | Director | Buy | 10,000 | $11.77 | $117,700.00 | |
| 12/1/2015 | David L. Pugh | Director | Buy | 46,580 | $17.04 | $793,723.20 | |
| 11/25/2015 | David L. Pugh | Director | Buy | 1,820 | $16.21 | $29,502.20 | |
| 11/25/2015 | Matthew S Heiter | VP | Buy | 50 | $16.39 | $819.50 | |
| 11/24/2015 | David L. Pugh | Director | Buy | 5,900 | $16.21 | $95,639.00 | |
| 11/23/2015 | David L. Pugh | Director | Buy | 5,000 | $16.30 | $81,500.00 | |
| 11/12/2015 | G Ronald Morris | Director | Buy | 5,000 | $15.19 | $75,950.00 | |
| 11/12/2015 | Matthew S Heiter | VP | Buy | 1,950 | $14.93 | $29,113.50 | |
| 6/1/2015 | Steven T Warshaw | Director | Sell | 2,000 | $27.55 | $55,100.00 | |
| 5/19/2015 | Michael E Werner | Director | Sell | 10,000 | $27.74 | $277,400.00 | |
| 5/15/2015 | Steven T Warshaw | Director | Sell | 3,000 | $27.89 | $83,670.00 | |
| 4/15/2015 | James Harold Dorton | CFO | Sell | 5,000 | $26.00 | $130,000.00 | |
| 3/24/2015 | James Harold Dorton | CFO | Sell | 8,000 | $24.23 | $193,840.00 | |
| 3/23/2015 | James Harold Dorton | CFO | Sell | 4,000 | $23.46 | $93,840.00 | |
| 3/23/2015 | Steven T Warshaw | Director | Sell | 2,000 | $24.15 | $48,300.00 | |
| 12/2/2014 | G Ronald Morris | Director | Buy | 5,000 | $20.36 | $101,800.00 | |
| 11/24/2014 | William Dries | Director | Buy | 10,000 | $20.13 | $201,300.00 | |
| 9/17/2014 | Frank T Gentry | Director | Sell | 22,500 | $28.13 | $632,925.00 | |
| 9/9/2014 | Michael E Werner | Director | Sell | 2,000 | $28.16 | $56,320.00 | |
| 6/11/2014 | William C Kelly Jr | VP | Sell | 12,000 | $26.00 | $312,000.00 | |
| 6/3/2014 | Thomas C Jr. Burwell | VP | Sell | 7,000 | $25.00 | $175,000.00 | |
| 5/12/2014 | William Kelly, Jr. | VP | Sell | 22,450 | $23.52 | $528,024.00 | |
| 5/9/2014 | Thomas Jr. Burwell | VP | Sell | 3,000 | $22.50 | $67,500.00 | |
| 2/21/2014 | G Ronald Morris | Director | Sell | 10,000 | $18.95 | $189,500.00 | |
| 2/14/2014 | G Ronald Morris | Director | Sell | 10,000 | $18.94 | $189,400.00 | |
| 12/23/2013 | James Widders | VP | Sell | 20,000 | $20.50 | $410,000.00 | |
| 12/6/2013 | Frank Gentry | Director | Sell | 8,000 | $19.57 | $156,560.00 | |
| 11/29/2013 | Thomas Jr. Burwell | VP | Sell | 5,141 | $19.53 | $100,403.73 | |
| 11/22/2013 | Frank Gentry | Director | Sell | 25,561 | $18.19 | $464,954.59 | |
| 11/19/2013 | Frank Gentry | Director | Sell | 27,900 | $17.86 | $498,294.00 | |
| 11/13/2013 | Frank Gentry | Director | Sell | 22,600 | $17.55 | $396,630.00 | |
| 9/23/2013 | William Kelly, Jr. | VP | Sell | 3,000 | $15.40 | $46,200.00 | |
| 9/20/2013 | Steven Warshaw | Director | Sell | 10,000 | $15.51 | $155,100.00 | |
| 9/19/2013 | Frank Gentry | Director | Sell | 16,000 | $15.25 | $244,000.00 | |
| 9/18/2013 | Steven Warshaw | Director | Sell | 5,000 | $15.34 | $76,700.00 | |
| 9/18/2013 | William Kelly, Jr. | VP | Sell | 3,000 | $15.50 | $46,500.00 | |
| 9/11/2013 | Michael Werner | Director | Sell | 20,000 | $15.07 | $301,400.00 | |
| 9/10/2013 | James Harold Dorton | CFO | Sell | 10,000 | $14.82 | $148,200.00 | |
| 9/10/2013 | William C Kelly Jr | VP | Sell | 6,000 | $15.06 | $90,360.00 | |
| 9/5/2013 | Michael E Werner | Director | Sell | 1,067 | $14.40 | $15,364.80 | |
(Data available from 1/1/2013 forward)
Headline Trends for NN (NASDAQ:NNBR)
Latest Headlines for NN (NASDAQ:NNBR)
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NN (NNBR) Chart for Monday, October, 23, 2017
