What is Zacks Small Cap’s Forecast for NN FY2024 Earnings?

NN, Inc. (NASDAQ:NNBR) – Research analysts at Zacks Small Cap issued their FY2024 earnings per share (EPS) estimates for NN in a research report issued to clients and investors on Monday, November 4th. Zacks Small Cap analyst T. Kerr anticipates that the industrial products company will earn ($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) last announced its earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. The business had revenue of $122.99 million during the quarter, compared to analysts’ expectations of $123.59 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share.

NN Price Performance

Shares of NN stock opened at $3.52 on Wednesday. The business has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $3.54. NN has a 12 month low of $2.01 and a 12 month high of $5.40. The stock has a market capitalization of $175.81 million, a P/E ratio of -3.23 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.

Hedge Funds Weigh In On NN

A number of hedge funds have recently made changes to their positions in NNBR. Empowered Funds LLC increased its holdings in shares of NN by 5.3% in the third quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 9,112 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of NN by 72.4% in the third quarter. GSA Capital Partners LLP now owns 61,898 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 25,989 shares during the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in shares of NN in the third quarter valued at approximately $43,000. SG Americas Securities LLC acquired a new stake in shares of NN in the third quarter valued at approximately $60,000. Finally, Nantahala Capital Management LLC increased its holdings in shares of NN by 3.6% in the second quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company’s stock valued at $4,369,000 after purchasing an additional 50,000 shares during 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.