$72.10 Million in Sales Expected for Nanometrics Incorporated (NANO) This Quarter
Brokerages forecast that Nanometrics Incorporated (NASDAQ:NANO) will report sales of $72.10 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nanometrics’ earnings. The lowest sales estimate is $71.00 million and the highest is $73.00 million. Nanometrics posted sales of $59.31 million in the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The firm is expected to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Nanometrics will report full year sales of $72.10 million for the current year, with estimates ranging from $287.00 million to $291.20 million. For the next fiscal year, analysts forecast that the business will report sales of $313.25 million per share, with estimates ranging from $311.50 million to $315.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Nanometrics.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $76.95 million. Nanometrics had a return on equity of 12.05% and a net margin of 11.68%. Nanometrics’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS.
In other news, General Counsel Janet Therese Taylor sold 1,654 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.54, for a total transaction of $40,589.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rollin Kocher sold 1,807 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $24.54, for a total value of $44,343.78. Following the transaction, the senior vice president now directly owns 28,331 shares in the company, valued at approximately $695,242.74. The disclosure for this sale can be found here. Insiders sold a total of 4,076 shares of company stock worth $100,265 in the last ninety days. 6.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. grew its position in shares of Nanometrics by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 47,108 shares of the semiconductor company’s stock worth $1,191,000 after buying an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Nanometrics by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,968 shares of the semiconductor company’s stock worth $480,000 after buying an additional 585 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Nanometrics by 3.5% during the 2nd quarter. Wells Fargo & Company MN now owns 17,373 shares of the semiconductor company’s stock worth $439,000 after buying an additional 593 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Nanometrics by 8.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,350 shares of the semiconductor company’s stock worth $388,000 after buying an additional 1,160 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Nanometrics by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 113,351 shares of the semiconductor company’s stock worth $2,867,000 after buying an additional 1,286 shares in the last quarter. 83.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nanometrics (NASDAQ:NANO) traded up $0.81 during trading on Friday, reaching $26.60. The company’s stock had a trading volume of 224,039 shares, compared to its average volume of 199,714. The company has a market cap of $665.97, a P/E ratio of 22.74, a PEG ratio of 1.31 and a beta of 1.66. Nanometrics has a 12 month low of $22.08 and a 12 month high of $32.42.
Nanometrics declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 15th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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