NN (NASDAQ:NNBR) posted its quarterly earnings results on Thursday. The industrial products company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01), Bloomberg Earnings reports. NN had a net margin of 4.87% and a return on equity of 11.94%. The business had revenue of $156.14 million during the quarter, compared to analysts’ expectations of $154.67 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year.
Shares of NN (NNBR) opened at $25.12 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. NN has a 12 month low of $21.85 and a 12 month high of $32.90. The firm has a market capitalization of $692.78, a P/E ratio of -27.60 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. NN’s dividend payout ratio (DPR) is presently -30.77%.
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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