Somewhat Favorable Media Coverage Somewhat Unlikely to Impact NN (NNBR) Share Price
News stories about NN (NASDAQ:NNBR) have been trending somewhat positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NN earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.07149321885 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Jiangsu Unicom 2017 – 2018 Citrix cloud desktop third party maintenance services tender … (4-traders.com)
- Footwear retailers trampled as price war sparks concerns – New York Daily News (nydailynews.com)
- 13D Filing: GAMCO Investors and Salem Media Group Inc. (SALM) (feedproxy.google.com)
- USHCC PRAISES REMOVAL OF STEVE BANNON FROM WHITE HOUSE (feeds.benzinga.com)
- Footwear retailers trampled as price war sparks concerns – Reuters (reuters.com)
NN (NASDAQ:NNBR) opened at 25.45 on Friday. The firm has a 50-day moving average of $27.59 and a 200 day moving average of $25.81. The company’s market capitalization is $700.89 million. NN has a one year low of $13.43 and a one year high of $31.65.
NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. On average, equities analysts forecast that NN will post $1.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.10%. NN’s dividend payout ratio (DPR) is presently -116.67%.
NNBR has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of NN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $29.00 price target on shares of NN in a report on Friday, August 4th. SunTrust Banks, Inc. assumed coverage on shares of NN in a report on Thursday, June 15th. They issued a “buy” rating and a $37.00 price target for the company. They noted that the move was a valuation call. Finally, William Blair reissued a “market perform” rating on shares of NN in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.25.
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NN Company Profile
NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.
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