Equities research analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will announce sales of $72.10 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nanometrics’ earnings. The lowest sales estimate is $71.00 million and the highest is $73.00 million. Nanometrics posted sales of $59.31 million during the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Nanometrics will report full-year sales of $72.10 million for the current financial year, with estimates ranging from $287.00 million to $291.20 million. For the next financial year, analysts expect that the business will post sales of $313.25 million per share, with estimates ranging from $311.50 million to $315.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $76.95 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year.
Shares of Nanometrics stock traded down $1.70 during trading on Friday, hitting $27.97. 195,172 shares of the stock were exchanged, compared to its average volume of 195,845. Nanometrics has a 52-week low of $22.08 and a 52-week high of $32.42. The stock has a market cap of $720.21, a P/E ratio of 25.36, a P/E/G ratio of 1.52 and a beta of 1.52.
In other Nanometrics news, Director Bruce C. Rhine sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.76, for a total transaction of $89,191.08. Following the sale, the director now owns 738,494 shares of the company’s stock, valued at approximately $19,762,099.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Rollin Kocher sold 4,528 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 41,387 shares in the company, valued at approximately $1,241,610. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,616 shares of company stock worth $2,346,883. 6.70% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Nanometrics during the 3rd quarter worth approximately $158,000. Teacher Retirement System of Texas purchased a new stake in Nanometrics during the 4th quarter worth approximately $209,000. MetLife Investment Advisors LLC purchased a new stake in Nanometrics during the 4th quarter worth approximately $318,000. Landscape Capital Management L.L.C. purchased a new stake in Nanometrics during the 4th quarter worth approximately $329,000. Finally, Municipal Employees Retirement System of Michigan grew its position 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 worth $355,000 after purchasing an additional 3,540 shares during the last quarter. 85.73% of the stock is currently owned by institutional investors.
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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