Zacks: Brokerages Expect Nanometrics Incorporated (NANO) to Post $0.44 EPS

Brokerages expect that Nanometrics Incorporated (NASDAQ:NANO) will announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Three analysts have made estimates for Nanometrics’ earnings, with estimates ranging from $0.42 to $0.46. Nanometrics reported earnings of $0.19 per share in the same quarter last year, which indicates a positive year over year growth rate of 131.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, May 1st.

Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Nanometrics.

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Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $76.95 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis.

A number of equities research analysts have recently commented on NANO shares. Benchmark reiterated a “buy” rating and set a $33.00 price target (down previously from $34.00) on shares of Nanometrics in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, March 8th. Finally, BidaskClub upgraded shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st.

In related news, SVP Rollin Kocher sold 1,807 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $24.54, for a total transaction of $44,343.78. Following the transaction, the senior vice president now owns 28,331 shares in the company, valued at $695,242.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce C. Rhine sold 3,333 shares of the 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 transaction, the director now owns 738,494 shares in the company, valued at approximately $19,762,099.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,001 shares of company stock worth $2,331,551. 6.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of NANO. SG Americas Securities LLC bought a new position in Nanometrics in the third quarter worth approximately $158,000. Teacher Retirement System of Texas bought a new position in Nanometrics in the fourth quarter worth approximately $209,000. MetLife Investment Advisors LLC bought a new position in Nanometrics in the fourth quarter worth approximately $318,000. Landscape Capital Management L.L.C. bought a new position in Nanometrics in the fourth quarter worth approximately $329,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Nanometrics by 40.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the semiconductor company’s stock worth $355,000 after acquiring an additional 3,540 shares during the period. Institutional investors own 85.73% of the company’s stock.

Shares of NASDAQ:NANO traded down $0.68 during trading on Friday, reaching $25.53. 104,151 shares of the stock traded hands, compared to its average volume of 175,584. Nanometrics has a 52-week low of $22.08 and a 52-week high of $32.42. The stock has a market cap of $625.88, a price-to-earnings ratio of 20.76, a PEG ratio of 1.32 and a beta of 1.51.

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About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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