NN (NNBR) Releases Earnings Results, Beats Expectations By $0.01 EPS

NN (NNBR) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.26. The company posted revenue of $212.20 million in the period, compared to analysts expectations of $210.92 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

NN opened for trading at $15.19 and hit $15.3 on the upside on Monday, eventually ending the session at $15.18, with a gain of 0.93% or 0.14 points. The heightened volatility saw the trading volume jump to 2,15,845 shares. Company has a market cap of $407 M.

In a different news, on Mar 14, 2016, G Ronald Morris (director) purchased 10,000 shares at $11.77 per share price. According to the SEC, on Dec 1, 2015, David L Pugh (director) purchased 46,580 shares at $17.02 per share price. On Nov 25, 2015, Matthew S. Heiter (Senior VP and General Counsel) purchased 50 shares at $16.39 per share price, according to the Form-4 filing with the securities and exchange commission.

NN Inc. is an industrial company and a global manufacturer of metal bearing plastic rubber and precision metal components. The Company has three operating segments the Metal Bearing Components Segment the Plastic and Rubber Components Segment and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States Western Europe Eastern Europe South America and China. The Metal Bearing Components segment manufactures and supplies bearing components consisting of balls cylindrical rollers tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered close tolerance precision-machined metal components and subassemblies.


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