Nanometrics Inc. (NANO) Scheduled to Post Quarterly Earnings on Tuesday
Nanometrics Inc. (NASDAQ:NANO) will be issuing its quarterly earnings data before the market opens on Tuesday, October 11th. Nanometrics has set its Q3 guidance at $0.23-0.30 EPS.
Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Nanometrics had a return on equity of 6.06% and a net margin of 4.44%. The company earned $55.80 million during the quarter, compared to analyst estimates of $55.30 million. During the same period in the prior year, the business posted $0.08 earnings per share. Nanometrics’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect Nanometrics to post $1.02 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Shares of Nanometrics Inc. (NASDAQ:NANO) opened at 22.21 on Friday. Nanometrics Inc. has a 52-week low of $12.49 and a 52-week high of $23.61. The firm has a market capitalization of $550.63 million, a PE ratio of 64.75 and a beta of 1.46. The company has a 50 day moving average of $21.33 and a 200 day moving average of $19.17.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Stifel Nicolaus upped their price objective on shares of Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.25.
In other Nanometrics news, VP Stanislaw M. Borowicz sold 1,630 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $21.98, for a total value of $35,827.40. Following the sale, the vice president now directly owns 44,433 shares in the company, valued at $976,637.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce C. Rhine sold 10,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $22.08, for a total transaction of $220,800.00. Following the completion of the sale, the director now owns 794,108 shares in the company, valued at $17,533,904.64. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Wall Street Associates acquired a new stake in shares of Nanometrics during the second quarter valued at approximately $1,360,000. Teachers Advisors Inc. increased its stake in Nanometrics by 9.9% in the second quarter. Teachers Advisors Inc. now owns 41,824 shares of the company’s stock valued at $870,000 after buying an additional 3,766 shares during the last quarter. TFS Capital LLC bought a new stake in Nanometrics during the second quarter valued at about $467,000. Deere & Co. bought a new stake in Nanometrics during the second quarter valued at about $523,000. Finally, AXA bought a new stake in Nanometrics during the second quarter valued at about $1,898,000. Hedge funds and other institutional investors own 82.25% of the company’s stock.
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.
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