Nanometrics Incorporated (NASDAQ:NANO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.40-0.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.45. The company issued revenue guidance of $72-80 million, compared to the consensus revenue estimate of $75.85 million.
Shares of Nanometrics Incorporated (NASDAQ:NANO) traded up $0.60 on Friday, reaching $28.07. The company had a trading volume of 206,260 shares, compared to its average volume of 101,851. The company has a market cap of $719.23 million, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.
Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Nanometrics had a return on equity of 10.46% and a net margin of 19.23%. The company had revenue of $56.70 million during the quarter, compared to analyst estimates of $56.53 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. analysts forecast that Nanometrics Incorporated will post 1.15 earnings per share for the current fiscal year.
Several brokerages have commented on NANO. Zacks Investment Research upgraded Nanometrics from a sell rating to a hold rating in a research note on Wednesday, October 4th. Benchmark Co. restated a buy rating and issued a $34.00 target price on shares of Nanometrics in a research note on Friday, October 13th. Finally, BidaskClub downgraded Nanometrics from a strong-buy rating to a buy rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Nanometrics currently has a consensus rating of Buy and a consensus price target of $31.67.
In other Nanometrics news, General Counsel Janet Therese Taylor sold 2,505 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $25.65, for a total value of $64,253.25. Following the completion of the transaction, the general counsel now owns 35,833 shares in the company, valued at approximately $919,116.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,738 shares of company stock valued at $1,850,540. 6.70% of the stock is owned by corporate insiders.
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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