Analysts expect that Nanometrics Incorporated (NASDAQ:NANO) will report sales of $72.10 million for the current fiscal quarter, according to Zacks. Three analysts have made 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 would indicate a positive year-over-year growth rate of 21.6%. The company is expected to announce its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Nanometrics will report full-year sales of $72.10 million for the current fiscal year, with estimates ranging from $287.00 million to $291.20 million. For the next year, analysts forecast that the company 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 averages are a mean average based on a survey of sell-side research analysts that follow Nanometrics.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $78.20 million for the quarter, compared to the consensus estimate of $76.95 million. Nanometrics had a net margin of 11.68% and a return on equity of 12.05%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS.

NANO has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Nanometrics from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Benchmark reissued a “buy” rating and set a $33.00 price objective (down from $34.00) on shares of Nanometrics in a research report on Wednesday.

In other Nanometrics news, CEO Timothy J. Stultz sold 14,166 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $25.93, for a total transaction of $367,324.38. Following the transaction, the chief executive officer now directly owns 294,817 shares of the company’s stock, valued at approximately $7,644,604.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 14,781 shares of company stock worth $382,656. Insiders own 6.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Nanometrics by 70.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 66,871 shares of the semiconductor company’s stock valued at $1,926,000 after buying an additional 27,723 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nanometrics by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,316,237 shares of the semiconductor company’s stock valued at $33,287,000 after buying an additional 37,840 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Nanometrics by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 568,982 shares of the semiconductor company’s stock valued at $16,387,000 after buying an additional 19,388 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Nanometrics by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,442,355 shares of the semiconductor company’s stock valued at $41,540,000 after buying an additional 67,827 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Nanometrics during the 3rd quarter valued at $865,000. Hedge funds and other institutional investors own 83.05% of the company’s stock.

Nanometrics (NASDAQ NANO) opened at $25.50 on Friday. The stock has a market cap of $652.67, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. Nanometrics has a 1 year low of $22.08 and a 1 year high of $32.42.

Nanometrics declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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About Nanometrics

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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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