Equities research analysts expect Nanometrics Incorporated (NASDAQ:NANO) to announce earnings per share (EPS) of $0.66 for the current quarter, Zacks reports. Three analysts have made estimates for Nanometrics’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.67. Nanometrics posted earnings per share of $0.30 during the same quarter last year, which suggests a positive year over year growth rate of 120%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, July 31st.
Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Nanometrics.
Nanometrics (NASDAQ:NANO) last released its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.23. The firm had revenue of $82.30 million for the quarter, compared to analyst estimates of $72.33 million. Nanometrics had a return on equity of 16.38% and a net margin of 14.64%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share.
Several analysts have issued reports on NANO shares. BidaskClub lowered Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Zacks Investment Research lowered Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Stifel Nicolaus upped their price objective on Nanometrics from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Benchmark restated a “buy” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Nanometrics in a research note on Wednesday, May 2nd. Finally, ValuEngine upgraded Nanometrics from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.00.
NASDAQ:NANO traded down $0.25 on Friday, hitting $37.37. The company’s stock had a trading volume of 86,600 shares, compared to its average volume of 260,531. The firm has a market capitalization of $907.60 million, a price-to-earnings ratio of 30.44, a P/E/G ratio of 1.41 and a beta of 1.75. Nanometrics has a one year low of $22.08 and a one year high of $44.17.
In other news, Director Bruce C. Rhine sold 50,000 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $35.12, for a total transaction of $1,756,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Janet Therese Taylor sold 12,962 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $30.88, for a total value of $400,266.56. Following the transaction, the general counsel now owns 43,711 shares in the company, valued at approximately $1,349,795.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,501 shares of company stock worth $4,133,114. 6.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Nanometrics by 3.0% during the fourth quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock worth $80,486,000 after purchasing an additional 95,367 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Nanometrics by 7.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 107,583 shares of the semiconductor company’s stock worth $2,681,000 after purchasing an additional 7,288 shares during the period. Raymond James & Associates increased its stake in shares of Nanometrics by 171.3% during the fourth quarter. Raymond James & Associates now owns 92,343 shares of the semiconductor company’s stock worth $2,301,000 after purchasing an additional 58,311 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Nanometrics during the fourth quarter worth approximately $209,000. Finally, Rhumbline Advisers increased its stake in shares of Nanometrics by 16.9% during the fourth quarter. Rhumbline Advisers now owns 57,955 shares of the semiconductor company’s stock worth $1,444,000 after purchasing an additional 8,374 shares during the period. Institutional investors own 86.60% of the company’s stock.
Nanometrics Company Profile
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
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