Analysts expect Nanometrics Incorporated (NASDAQ:NANO) to announce $0.21 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nanometrics’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.20. Nanometrics posted earnings per share of $0.67 during the same quarter last year, which indicates a negative year over year growth rate of 68.7%. The company is scheduled to report its next earnings report after the market closes on Tuesday, April 30th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Nanometrics.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. Nanometrics had a return on equity of 20.36% and a net margin of 17.76%. The business had revenue of $77.00 million for the quarter, compared to analyst estimates of $72.65 million. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

Several research firms have recently commented on NANO. Zacks Investment Research upgraded Nanometrics from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. BidaskClub lowered Nanometrics from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Benchmark reiterated a “buy” rating and set a $36.00 price target on shares of Nanometrics in a report on Wednesday, February 6th. Finally, ValuEngine upgraded Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.75.

Shares of NASDAQ NANO traded down $0.20 during trading on Wednesday, hitting $31.26. 68,418 shares of the company were exchanged, compared to its average volume of 191,171. Nanometrics has a 12-month low of $24.74 and a 12-month high of $48.26. The firm has a market cap of $771.71 million, a PE ratio of 13.23, a P/E/G ratio of 2.06 and a beta of 1.69.

In related news, Director Timothy J. Stultz sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $28.68, for a total value of $860,400.00. Following the sale, the director now directly owns 243,208 shares in the company, valued at approximately $6,975,205.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy J. Stultz sold 17,667 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $30.13, for a total transaction of $532,306.71. Following the completion of the sale, the director now owns 253,208 shares in the company, valued at $7,629,157.04. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC raised its holdings in Nanometrics by 64.2% in the 4th quarter. Penserra Capital Management LLC now owns 1,563 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 611 shares during the period. PNC Financial Services Group Inc. raised its holdings in Nanometrics by 126.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,273 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 1,268 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Nanometrics in the 4th quarter valued at about $69,000. Advisors Asset Management Inc. increased its stake in Nanometrics by 68.8% during the fourth quarter. Advisors Asset Management Inc. now owns 2,879 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 1,173 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Nanometrics during the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 85.90% 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 worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress 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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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