NN (NNBR) Receiving Somewhat Critical News Coverage, Analysis Shows
News articles about NN (NASDAQ:NNBR) have trended somewhat negative recently, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NN earned a news sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave news articles about the industrial products company an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Alpha One’s scoring:
- British Airways says some service returning after day of chaos – CNN (cnn.com)
- BA aims to resume most UK flights after IT failure – BBC News (bbc.com)
- British Airways: Thousands disrupted as flights axed amid IT crash – BBC News (bbc.com)
- British Airways cancels flights from London as global IT outage causes chaos – Reuters (reuters.com)
- British Airways cancels Heathrow, Gatwick flights after systems outage – CNN (cnn.com)
Separately, Zacks Investment Research upgraded NN from a “sell” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, March 7th.
Shares of NN (NASDAQ:NNBR) opened at 27.80 on Friday. The company’s 50 day moving average price is $27.50 and its 200-day moving average price is $21.80. The firm has a market cap of $763.53 million, a price-to-earnings ratio of 45.57 and a beta of 0.86. NN has a 1-year low of $12.77 and a 1-year high of $31.65.
NN (NASDAQ:NNBR) last announced its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. NN had a negative net margin of 2.73% and a positive return on equity of 11.50%. The firm had revenue of $226.31 million for the quarter, compared to analyst estimates of $215.86 million. Equities analysts expect that NN will post $1.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. NN’s dividend payout ratio is currently -33.33%.
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NN Company Profile
NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.
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