Wall Street analysts expect Nanometrics Incorporated (NASDAQ:NANO) to announce sales of $72.10 million for the current quarter, according to Zacks. Three analysts have provided estimates for Nanometrics’ earnings, with the highest sales estimate coming in at $73.00 million and the lowest estimate coming in at $71.00 million. Nanometrics posted sales of $59.31 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The company is expected to issue its next earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Nanometrics will report full-year sales of $289.40 million for the current financial year, with estimates ranging from $287.00 million to $291.20 million. For the next financial year, analysts forecast that the company will post sales of $313.25 million per share, with estimates ranging from $311.50 million to $315.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The business had revenue of $78.20 million during the quarter, compared to analyst estimates of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. Nanometrics’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS.
NANO stock traded down $0.09 on Thursday, reaching $25.13. 96,287 shares of the company traded hands, compared to its average volume of 131,863. Nanometrics has a one year low of $22.08 and a one year high of $32.42. The firm has a market cap of $600.10, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.
In related news, SVP Rollin Kocher sold 4,528 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $30.00, for a total value of $135,840.00. Following the transaction, the senior vice president now owns 41,387 shares in the company, valued at $1,241,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $26.48, for a total value of $529,600.00. Following the completion of the transaction, the director now owns 352,087 shares in the company, valued at approximately $9,323,263.76. The disclosure for this sale can be found here. Insiders have sold 85,001 shares of company stock valued at $2,331,551 in the last three months. Insiders own 6.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its stake in Nanometrics by 70.8% during the third quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after buying an additional 27,723 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Nanometrics by 7.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 107,583 shares of the semiconductor company’s stock valued at $2,681,000 after acquiring an additional 7,288 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Nanometrics by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after acquiring an additional 67,827 shares during the period. BlackRock Inc. increased its position in shares of Nanometrics by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock valued at $80,486,000 after acquiring an additional 95,367 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Nanometrics in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.
Nanometrics Company Profile
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
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