Media coverage about NN (NASDAQ:NNBR) has trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NN earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 44.9210334841669 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Delta has no intention of paying 300% Bombardier jet tariff – CNNMoney (money.cnn.com)
- Trump Threatens Networks That Report Critical Stories of Him – Hi-tech Beacon (hitechbeacon.com)
- Stock Indexes Flat; Why The Bull May Have Further To Go (feedproxy.google.com)
- Scientists find gold worth $2 million in Swiss sewage – CNNMoney (money.cnn.com)
- BRIEF-CRITICAL OUTCOME TECHNOLOGIES DOSES FIRST PATIENT IN HNSCC ARM OF PHASE 1 TRIAL OF COTI-2 (feeds.reuters.com)
A number of research firms have recently weighed in on NNBR. KeyCorp reissued a “buy” rating and set a $36.00 target price on shares of NN in a research report on Sunday, September 17th. William Blair reissued a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price on shares of NN in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.00.
NN (NASDAQ:NNBR) opened at 29.60 on Thursday. The stock’s 50 day moving average is $27.35 and its 200-day moving average is $27.43. NN has a 52-week low of $13.43 and a 52-week high of $31.65. The company’s market capitalization is $815.18 million.
NN (NASDAQ:NNBR) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The firm had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221.00 million. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that NN will post $1.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. NN’s dividend payout ratio is currently -116.67%.
In other NN news, Director Steven T. Warshaw sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $27.78, for a total transaction of $83,340.00. Following the completion of the sale, the director now directly owns 57,732 shares of the company’s stock, valued at $1,603,794.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven T. Warshaw sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $27.08, for a total transaction of $135,400.00. Following the sale, the director now directly owns 58,732 shares of the company’s stock, valued at $1,590,462.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,000 shares of company stock valued at $436,660. 2.80% of the stock is owned by corporate insiders.
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NN Company Profile
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.
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