Analysts Expect Nanometrics Incorporated (NASDAQ:NANO) Will Announce Earnings of $0.28 Per Share
Brokerages expect Nanometrics Incorporated (NASDAQ:NANO) to post $0.28 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nanometrics’ earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.27. Nanometrics reported earnings per share of $0.33 during the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The business is expected to announce its next quarterly earnings results on Thursday, October 26th.
Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.01. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The business had revenue of $64.43 million for the quarter, compared to the consensus estimate of $66.37 million. During the same quarter in the previous year, the company earned $0.26 EPS. Nanometrics’s revenue for the quarter was up 15.5% compared to the same quarter last year.
A number of brokerages have weighed in on NANO. BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus lowered their price target on Nanometrics from $29.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, May 3rd. Zacks Investment Research raised Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, May 5th. Finally, Benchmark Co. reissued a “buy” rating and set a $34.00 price target on shares of Nanometrics in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.50.
Shares of Nanometrics (NANO) opened at 24.80 on Friday. The company’s 50-day moving average price is $26.29 and its 200 day moving average price is $27.61. The company has a market cap of $632.28 million, a P/E ratio of 13.19 and a beta of 1.73. Nanometrics has a 52 week low of $18.65 and a 52 week high of $32.42.
In other news, Director Bruce C. Rhine sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the director now owns 736,561 shares of the company’s stock, valued at $21,706,452.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Heidrich sold 969 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $27.15, for a total value of $26,308.35. Following the completion of the transaction, the vice president now directly owns 34,707 shares in the company, valued at approximately $942,295.05. The disclosure for this sale can be found here. Insiders sold 77,124 shares of company stock worth $2,055,399 in the last ninety days. 6.70% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of NANO. BlackRock Inc. increased its position in Nanometrics by 81,374.7% in the first quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after buying an additional 3,088,170 shares during the last quarter. Teachers Advisors LLC increased its position in Nanometrics by 892.7% in the second quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after buying an additional 356,109 shares during the last quarter. Credit Agricole S A purchased a new position in Nanometrics during the first quarter valued at approximately $3,813,000. Hood River Capital Management LLC increased its position in Nanometrics by 79.5% in the first quarter. Hood River Capital Management LLC now owns 510,485 shares of the semiconductor company’s stock valued at $15,549,000 after buying an additional 226,118 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Nanometrics by 134.9% in the second quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after buying an additional 201,969 shares during the last quarter. 80.20% of the stock is currently owned by institutional investors.
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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