NN (NNBR) Receiving Somewhat Positive News Coverage, Report Finds
News articles about NN (NASDAQ:NNBR) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NN earned a news impact score of 0.19 on Alpha One’s scale. Alpha One also gave news stories about the industrial products company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Alpha One Sentiment’s analysis:
- Poor Americans Face Tough Choice: Food or Home: Harvard Study – New York Times (nytimes.com)
- BRIEF-OPPENHEIMER ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING (feeds.reuters.com)
- BRIEF-SANDSTORM ANNOUNCES RESULTS FROM MARIANA COURT MEETING AND SHAREHOLDER MEETING (feeds.reuters.com)
- BRIEF-J2 GLOBAL ANNOUNCES PROPOSED $550 MILLION SENIOR UNSECURED DEBT OFFERING (feeds.reuters.com)
- Ohio police officer in murder trial to say he feared for his life (feeds.reuters.com)
Several equities research analysts have recently commented on NNBR shares. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, March 7th. Finally, SunTrust Banks, Inc. began coverage on shares of NN in a research note on Thursday. They issued a “buy” rating and a $37.00 target price on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $30.67.
NN (NASDAQ:NNBR) traded up 3.76% during mid-day trading on Friday, hitting $29.00. 284,320 shares of the stock traded hands. NN has a 1-year low of $12.77 and a 1-year high of $31.65. The company’s 50 day moving average price is $28.65 and its 200-day moving average price is $23.06. The stock has a market cap of $796.49 million, a price-to-earnings ratio of 47.54 and a beta of 0.80.
NN (NASDAQ:NNBR) last posted its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. NN had a net margin of 2.00% and a return on equity of 14.04%. The firm had revenue of $226.31 million for the quarter, compared to the consensus estimate of $215.86 million. Analysts predict that NN will post $1.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.28 annualized dividend and a yield of 0.97%. NN’s dividend payout ratio (DPR) is presently 45.90%.
WARNING: “NN (NNBR) Receiving Somewhat Positive News Coverage, Report Finds” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/06/16/nn-nnbr-receives-daily-coverage-optimism-score-of-0-19-updated.html.
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.
Receive News & Stock Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related stocks with our FREE daily email newsletter.