Nanometrics Incorporated (NASDAQ:NANO) Releases Q3 Earnings Guidance

Nanometrics Incorporated (NASDAQ:NANO) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.22-0.31 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $60-64 million, compared to the consensus revenue estimate of $68.73 million.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Nanometrics from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Friday, May 5th. Stifel Nicolaus reduced their target price on Nanometrics from $29.00 to $25.00 and set a hold rating for the company in a report on Wednesday, May 3rd. Benchmark Co. reissued a buy rating and issued a $34.00 target price (up previously from $30.00) on shares of Nanometrics in a report on Wednesday, May 3rd. Finally, BidaskClub lowered Nanometrics from a strong-buy rating to a buy rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $31.50.

Nanometrics Incorporated (NANO) traded up 0.39% during mid-day trading on Friday, hitting $25.48. The company’s stock had a trading volume of 167,364 shares. The company has a market cap of $649.61 million, a P/E ratio of 13.55 and a beta of 1.73. Nanometrics Incorporated has a 12-month low of $18.65 and a 12-month high of $32.42. The firm’s 50-day moving average is $26.19 and its 200-day moving average is $27.61.

Nanometrics (NASDAQ:NANO) last released its 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 net margin of 19.94% and a return on equity of 11.95%. The firm had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. During the same period in the previous year, the company earned $0.26 earnings per share. Nanometrics’s revenue was up 15.5% on a year-over-year basis. Analysts predict that Nanometrics Incorporated will post $1.20 EPS for the current fiscal year.

In related news, Director Bruce C. Rhine sold 10,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the director now directly owns 736,561 shares of the company’s stock, valued at approximately $21,706,452.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rollin Kocher sold 1,183 shares of the company’s stock in a transaction on Saturday, May 27th. The shares were sold at an average price of $27.97, for a total value of $33,088.51. Following the completion of the transaction, the senior vice president now directly owns 28,364 shares in the company, valued at $793,341.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,404 shares of company stock worth $2,008,701. 6.70% of the stock is owned by insiders.

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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.

Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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