NN (NASDAQ:NNBR – Get Free Report) will announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. NN has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
NN (NASDAQ:NNBR – Get Free Report) last announced its earnings results on Monday, May 6th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The firm had revenue of $121.20 million for the quarter, compared to analyst estimates of $121.77 million. NN had a negative return on equity of 8.92% and a negative net margin of 10.86%. On average, analysts expect NN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NN Price Performance
NASDAQ:NNBR remained flat at $3.88 on Wednesday. 3,821 shares of the company’s stock were exchanged, compared to its average volume of 222,873. The company has a quick ratio of 1.27, a current ratio of 2.04 and a debt-to-equity ratio of 1.30. NN has a 52-week low of $1.63 and a 52-week high of $5.40. The stock’s fifty day simple moving average is $3.27 and its two-hundred day simple moving average is $3.95.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on NNBR
Insiders Place Their Bets
In related news, Director Raynard D. Benvenuti sold 236,104 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $3.14, for a total transaction of $741,366.56. Following the completion of the sale, the director now directly owns 29,880 shares of the company’s stock, valued at $93,823.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.85% of the company’s stock.
About NN
NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.
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