Equities research analysts expect Nanometrics Incorporated (NASDAQ:NANO) to post sales of $62.23 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Nanometrics’ earnings, with the lowest sales estimate coming in at $62.00 million and the highest estimate coming in at $62.60 million. Nanometrics posted sales of $58.71 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The business is expected to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Nanometrics will report full year sales of $62.23 million for the current year, with estimates ranging from $259.70 million to $260.40 million. For the next fiscal year, analysts expect that the company will report sales of $286.93 million per share, with estimates ranging from $283.80 million to $290.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS.
NANO has been the topic of several recent analyst reports. Zacks Investment Research cut Nanometrics from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Benchmark Co. restated a “buy” rating and issued a $34.00 price target (up previously from $30.00) on shares of Nanometrics in a research report on Wednesday, May 3rd. Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and lifted their price target for the stock from $29.00 to $31.00 in a research report on Friday, June 16th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Nanometrics from a “strong-buy” rating to a “buy” rating in a research report 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 company. The company has a consensus rating of “Buy” and a consensus price target of $31.50.
In other Nanometrics news, VP Kevin Heidrich sold 969 shares of Nanometrics stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $27.15, for a total value of $26,308.35. Following the transaction, the vice president now owns 34,707 shares in the company, valued at $942,295.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total transaction of $503,800.00. Following the completion of the transaction, the chief executive officer now 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 90 days, insiders sold 77,124 shares of company stock worth $2,055,399. 6.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NANO. Comerica Bank raised its position in Nanometrics by 5.7% in the first quarter. Comerica Bank now owns 27,779 shares of the semiconductor company’s stock valued at $886,000 after buying an additional 1,491 shares during the period. BNP Paribas Arbitrage SA raised its position in Nanometrics by 15.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,812 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 626 shares during the period. Bank of New York Mellon Corp raised its position in Nanometrics by 10.7% in the first quarter. Bank of New York Mellon Corp now owns 839,815 shares of the semiconductor company’s stock valued at $25,580,000 after buying an additional 81,174 shares during the period. American Century Companies Inc. raised its position in Nanometrics by 67.1% in the first quarter. American Century Companies Inc. now owns 158,584 shares of the semiconductor company’s stock valued at $4,830,000 after buying an additional 63,654 shares during the period. Finally, Value Holdings Management CO. LLC raised its position in Nanometrics by 32.6% in the first quarter. Value Holdings Management CO. LLC now owns 90,618 shares of the semiconductor company’s stock valued at $1,653,000 after buying an additional 22,277 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.
Shares of Nanometrics (NANO) opened at 25.27 on Friday. The firm’s 50-day moving average price is $26.26 and its 200-day moving average price is $27.62. Nanometrics has a one year low of $18.65 and a one year high of $32.42. The firm has a market cap of $644.26 million, a PE ratio of 13.44 and a beta of 1.73.
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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