Nanometrics Incorporated (NANO) to Release Earnings on Thursday
Nanometrics Incorporated (NASDAQ:NANO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Nanometrics to post earnings of $0.28 per share for the quarter.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The company had revenue of $64.43 million for the quarter, compared to the consensus estimate of $66.37 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. Nanometrics’s revenue was up 15.5% compared to the same quarter last year. On average, analysts expect Nanometrics to post $1.15 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Nanometrics Incorporated (NANO) traded up 3.14% during trading on Tuesday, reaching $28.55. The company had a trading volume of 51,218 shares. The company has a market capitalization of $727.88 million, a PE ratio of 15.19 and a beta of 1.80. The firm’s 50 day moving average is $27.68 and its 200 day moving average is $27.26. Nanometrics Incorporated has a one year low of $20.58 and a one year high of $32.42.
In related news, General Counsel Janet Therese Taylor sold 2,505 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $25.65, for a total value of $64,253.25. Following the transaction, the general counsel now owns 35,833 shares of the company’s stock, valued at $919,116.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total value of $503,800.00. Following the completion of the transaction, the chief executive officer now directly owns 300,651 shares in the company, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. In the last three months, insiders sold 69,738 shares of company stock worth $1,850,540. 6.70% of the stock is owned by insiders.
Several brokerages recently issued reports on NANO. Benchmark Co. reissued a “buy” rating and issued a $34.00 price objective on shares of Nanometrics in a research note on Friday, October 13th. Zacks Investment Research cut Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Nanometrics currently has a consensus rating of “Buy” and a consensus price target of $31.67.
Nanometrics Company Profile
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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