Nanometrics Incorporated (NASDAQ:NANO) Expected to Announce Earnings of $0.21 Per Share

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Equities research analysts forecast that Nanometrics Incorporated (NASDAQ:NANO) will post earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Nanometrics’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.23. Nanometrics posted earnings per share of $0.71 in the same quarter last year, which indicates a negative year-over-year growth rate of 70.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 30th.

Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Nanometrics.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The company had revenue of $67.10 million for the quarter, compared to analysts’ expectations of $64.82 million. Nanometrics had a net margin of 14.30% and a return on equity of 15.43%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS.

A number of research analysts have weighed in on NANO shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price (down previously from $15.00) on shares of Nabriva Therapeutics in a report on Wednesday, May 1st. DA Davidson began coverage on Uber Technologies in a research report on Wednesday, May 1st. They set a “neutral” rating and a $53.00 price target for the company. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.50.

NANO stock traded down $0.23 during mid-day trading on Wednesday, reaching $33.36. 855 shares of the company traded hands, compared to its average volume of 336,656. The company has a quick ratio of 3.98, a current ratio of 5.24 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $822.25 million, a P/E ratio of 14.07, a P/E/G ratio of 1.95 and a beta of 1.65. Nanometrics has a 52-week low of $25.52 and a 52-week high of $48.26. The company has a fifty day moving average price of $32.31.

In other news, Director Timothy J. Stultz sold 12,014 shares of Nanometrics stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $35.17, for a total transaction of $422,532.38. Following the completion of the sale, the director now owns 239,263 shares in the company, valued at approximately $8,414,879.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 47,986 shares of Nanometrics stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $35.04, for a total value of $1,681,429.44. Following the sale, the director now owns 257,249 shares of the company’s stock, valued at approximately $9,014,004.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,725 shares of company stock valued at $2,129,533. Corporate insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd bought a new stake in shares of Nanometrics in the 2nd quarter valued at approximately $349,000. FMR LLC lifted its holdings in shares of Nanometrics by 15.6% during the 1st quarter. FMR LLC now owns 1,209,498 shares of the semiconductor company’s stock worth $37,349,000 after acquiring an additional 163,008 shares during the period. Marshall Wace North America L.P. lifted its holdings in shares of Nanometrics by 453.3% during the 1st quarter. Marshall Wace North America L.P. now owns 7,802 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 6,392 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nanometrics by 28.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,703 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 824 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in shares of Nanometrics by 20.4% during the 1st quarter. Hancock Whitney Corp now owns 29,068 shares of the semiconductor company’s stock worth $898,000 after acquiring an additional 4,922 shares during the period. Hedge funds and other institutional investors own 85.76% of the company’s stock.

Nanometrics Company Profile

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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