Brokerages expect that Nanometrics Incorporated (NASDAQ:NANO) will post earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nanometrics’ earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.46. Nanometrics posted earnings of $0.19 per share during the same quarter last year, which would indicate a positive year over year growth rate of 131.6%. The firm is expected to issue its next earnings report on Tuesday, May 1st.

Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Nanometrics.

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Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The firm had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS.

A number of equities analysts have recently commented on NANO shares. BidaskClub cut Nanometrics from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, Benchmark reiterated a “buy” rating and issued a $33.00 target price (down previously from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th.

In related news, SVP Rollin Kocher sold 4,528 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $135,840.00. Following the completion of the transaction, the senior vice president now owns 41,387 shares in the company, valued at approximately $1,241,610. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Janet Therese Taylor sold 1,654 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total value of $40,589.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,616 shares of company stock valued at $2,346,883. Company insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Nanometrics during the 3rd quarter valued at $158,000. Teacher Retirement System of Texas purchased a new position in Nanometrics during the 4th quarter valued at $209,000. MetLife Investment Advisors LLC purchased a new position in Nanometrics during the 4th quarter valued at $318,000. Landscape Capital Management L.L.C. purchased a new position in Nanometrics during the 4th quarter valued at $329,000. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Nanometrics by 40.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock valued at $355,000 after acquiring an additional 3,540 shares during the period. Institutional investors own 85.73% of the company’s stock.

Shares of Nanometrics (NASDAQ:NANO) traded down $0.47 during trading on Wednesday, hitting $29.68. The stock had a trading volume of 156,750 shares, compared to its average volume of 200,985. The stock has a market cap of $712.60, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. Nanometrics has a 12-month low of $22.08 and a 12-month high of $32.42.

Nanometrics declared that its Board of Directors has approved a share buyback program on Wednesday, November 15th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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Nanometrics Company Profile

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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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