Media coverage about NN (NASDAQ:NNBR) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NN earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.3997279403672 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- BRIEF-ClearStream Energy enters into refinancing agreement with Canso Investment (feeds.reuters.com)
- Karen R. Ginnelly is recognized by Continental Who’s Who (prnewswire.com)
- Analysts Anticipate NN, Inc. (NNBR) Will Announce Quarterly Sales of $155.27 Million (americanbankingnews.com)
- BRIEF-Gridsum Signs Three-Year Contract Extension With L’oreal (feeds.reuters.com)
- BRIEF-Partner Communications Says Tamir Amar Has Been Appointed CFO (feeds.reuters.com)
Several equities analysts have commented on the company. BidaskClub upgraded NN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. KeyCorp reiterated a “buy” rating and issued a $36.00 target price on shares of NN in a research report on Sunday, September 17th. ValuEngine downgraded NN from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, William Blair reiterated a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.00.
NN (NASDAQ:NNBR) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. NN had a positive return on equity of 12.72% and a negative net margin of 1.76%. The company had revenue of $148.16 million during the quarter, compared to the consensus estimate of $150.50 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. research analysts predict that NN will post 1.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.01%. NN’s dividend payout ratio is currently -30.77%.
In other NN news, Director David Floyd bought 1,865 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $26.98 per share, with a total value of $50,317.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas C. Jr. Burwell sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.00, for a total value of $64,000.00. Following the completion of the sale, the insider now directly owns 35,381 shares of the company’s stock, valued at approximately $1,132,192. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.
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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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