Nanometrics (NANO) Issues Earnings Results

Nanometrics (NASDAQ:NANO) announced its earnings results on Tuesday. The semiconductor company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14, Bloomberg Earnings reports. The business had revenue of $77.00 million during the quarter, compared to analyst estimates of $72.65 million. Nanometrics had a net margin of 17.32% and a return on equity of 21.49%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Nanometrics updated its Q1 2019 guidance to $0.16-0.27 EPS and its Q1 guidance to $0.16-0.27 EPS.

Shares of NANO stock traded down $0.58 during mid-day trading on Wednesday, reaching $30.11. 4,882 shares of the company’s stock traded hands, compared to its average volume of 139,523. Nanometrics has a 12 month low of $22.08 and a 12 month high of $48.26. The company has a market cap of $749.23 million, a price-to-earnings ratio of 24.23, a PEG ratio of 1.16 and a beta of 1.73.

A number of equities research analysts have weighed in on NANO shares. BidaskClub lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Saturday, December 8th. ValuEngine lowered shares of Nanometrics from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Stifel Nicolaus upgraded shares of Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, October 31st. Zacks Investment Research lowered shares of Nanometrics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Benchmark reiterated a “buy” rating and set a $36.00 target price on shares of Nanometrics in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Nanometrics has an average rating of “Hold” and a consensus price target of $32.00.

In other news, VP Greg Swyt sold 948 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $30.87, for a total transaction of $29,264.76. Following the completion of the sale, the vice president now owns 9,884 shares of the company’s stock, valued at approximately $305,119.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Pierre-Yves Lesaicherre sold 6,856 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $31.31, for a total transaction of $214,661.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,201 shares of company stock valued at $315,750. Insiders own 6.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Enterprise Leader and is the property of of Enterprise Leader. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://theenterpriseleader.com/2019/02/06/nanometrics-nano-issues-earnings-results.html.

About Nanometrics

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.

Further Reading: QQQ ETF

Earnings History for Nanometrics (NASDAQ:NANO)

Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply