Brokerages predict that Nanometrics Incorporated (NASDAQ:NANO) will report earnings of $0.38 per share for the current quarter, Zacks reports. Four analysts have made estimates for Nanometrics’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.43. Nanometrics reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 19.1%. The company is expected to issue its next earnings report on Tuesday, October 29th.
Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Nanometrics had a net margin of 10.58% and a return on equity of 10.97%. The company had revenue of $67.62 million for the quarter, compared to analyst estimates of $65.38 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 23.7% compared to the same quarter last year.
Several brokerages have weighed in on NANO. Needham & Company LLC restated a “buy” rating and set a $42.00 target price (up from $37.00) on shares of Nanometrics in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $39.00 target price on shares of Nanometrics in a research report on Wednesday, July 31st. DA Davidson upgraded shares of Nanometrics from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $40.00 in a research report on Wednesday, May 1st. Finally, B. Riley began coverage on shares of Nanometrics in a research report on Wednesday, June 19th. They set a “buy” rating and a $41.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $40.00.
NANO traded down $0.23 on Friday, hitting $28.61. 8,483 shares of the company were exchanged, compared to its average volume of 230,759. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $33.66. Nanometrics has a fifty-two week low of $25.52 and a fifty-two week high of $48.26. The firm has a market capitalization of $765.46 million, a price-to-earnings ratio of 11.97 and a beta of 1.60.
In other news, Director Timothy J. Stultz sold 12,014 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $35.17, for a total value of $422,532.38. Following the sale, the director now directly owns 239,263 shares in the company, valued at $8,414,879.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Stultz sold 47,986 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $35.04, for a total transaction of $1,681,429.44. Following the completion of the sale, the director now owns 257,249 shares in the company, valued at $9,014,004.96. The disclosure for this sale can be found here. Insiders sold 60,725 shares of company stock worth $2,129,533 over the last quarter. Company insiders own 6.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its position in shares of Nanometrics by 310.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 54,529 shares of the semiconductor company’s stock valued at $1,490,000 after purchasing an additional 41,229 shares during the last quarter. Royce & Associates LP grew its position in shares of Nanometrics by 23.9% in the first quarter. Royce & Associates LP now owns 457,807 shares of the semiconductor company’s stock valued at $14,137,000 after purchasing an additional 88,186 shares during the last quarter. Hancock Whitney Corp grew its position in shares of Nanometrics by 20.4% in the first quarter. Hancock Whitney Corp now owns 29,068 shares of the semiconductor company’s stock valued at $898,000 after purchasing an additional 4,922 shares during the last quarter. Globeflex Capital L P grew its position in shares of Nanometrics by 12.4% in the first quarter. Globeflex Capital L P now owns 36,905 shares of the semiconductor company’s stock valued at $1,140,000 after purchasing an additional 4,060 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in shares of Nanometrics by 4.8% during the first quarter. Texas Permanent School Fund now owns 16,611 shares of the semiconductor company’s stock valued at $513,000 after buying an additional 764 shares during the period. Institutional investors and hedge funds own 85.99% 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, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology 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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