What is Zacks Small Cap's Estimate for NN FY2024 Earnings?

NN, Inc. (NASDAQ:NNBR - Free Report) - Stock analysts at Zacks Small Cap issued their FY2024 EPS estimates for NN in a research note issued to investors on Monday, November 4th. Zacks Small Cap analyst T. Kerr anticipates that the industrial products company will post earnings of ($0.18) per share for the year. The consensus estimate for NN's current full-year earnings is ($0.16) per share. Zacks Small Cap also issued estimates for NN's Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.05) EPS.

NN (NASDAQ:NNBR - Get Free Report) last announced its earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. The business had revenue of $122.99 million for the quarter, compared to analyst estimates of $123.59 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.

NN Stock Performance

NNBR stock traded up $0.26 on Wednesday, reaching $3.70. 235,525 shares of the company were exchanged, compared to its average volume of 87,321. NN has a 12 month low of $2.01 and a 12 month high of $5.40. The stock's fifty day moving average price is $3.77 and its 200 day moving average price is $3.54. The firm has a market capitalization of $184.82 million, a PE ratio of -3.39 and a beta of 2.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18.

Institutional Investors Weigh In On NN

A number of institutional investors have recently bought and sold shares of NNBR. Legion Partners Asset Management LLC boosted its stake in NN by 11.9% during the second quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company's stock worth $14,376,000 after buying an additional 510,000 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in NN during the second quarter worth $1,032,000. American Century Companies Inc. boosted its stake in NN by 80.7% during the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company's stock worth $1,928,000 after buying an additional 287,060 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in NN during the second quarter worth $429,000. Finally, Register Financial Advisors LLC boosted its stake in NN by 11.9% during the second quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company's stock worth $3,483,000 after buying an additional 123,505 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company's stock.

NN Company Profile

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.