Brokerages Anticipate Nanometrics Incorporated (NANO) Will Announce Quarterly Sales of $72.17 Million

Analysts expect that Nanometrics Incorporated (NASDAQ:NANO) will report $72.17 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nanometrics’ earnings. The lowest sales estimate is $71.50 million and the highest is $73.00 million. Nanometrics reported sales of $78.21 million in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The business is scheduled to announce its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Nanometrics will report full-year sales of $319.67 million for the current fiscal year, with estimates ranging from $319.00 million to $320.50 million. For the next financial year, analysts forecast that the firm will post sales of $323.57 million, with estimates ranging from $310.70 million to $330.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nanometrics.

Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $74.43 million. Nanometrics had a return on equity of 21.49% and a net margin of 17.32%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS.

NANO has been the topic of several research reports. Benchmark upped their price target on Nanometrics to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. BidaskClub raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. DA Davidson lowered Nanometrics from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Thursday, August 16th. They noted that the move was a valuation call. ValuEngine lowered Nanometrics from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Stifel Nicolaus raised Nanometrics from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Nanometrics presently has a consensus rating of “Hold” and an average price target of $34.00.

In other Nanometrics news, Director Timothy J. Stultz sold 30,000 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $41.95, for a total value of $1,258,500.00. Following the sale, the director now directly owns 281,221 shares of the company’s stock, valued at $11,797,220.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy J. Stultz sold 20,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $41.91, for a total value of $838,200.00. Following the completion of the sale, the director now directly owns 281,221 shares in the company, valued at $11,785,972.11. The disclosure for this sale can be found here. Insiders sold 61,661 shares of company stock worth $2,602,226 over the last ninety days. 6.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NANO. O Shaughnessy Asset Management LLC acquired a new stake in Nanometrics in the third quarter worth $128,000. Sei Investments Co. increased its position in Nanometrics by 12,967.9% in the second quarter. Sei Investments Co. now owns 3,659 shares of the semiconductor company’s stock worth $129,000 after buying an additional 3,631 shares during the period. Advisors Preferred LLC acquired a new stake in Nanometrics in the second quarter worth $167,000. Piedmont Investment Advisors LLC acquired a new stake in Nanometrics in the second quarter worth $196,000. Finally, Pinebridge Investments L.P. acquired a new stake in Nanometrics in the second quarter worth $198,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NANO stock traded up $0.04 on Friday, hitting $32.81. 116,100 shares of the stock traded hands, compared to its average volume of 310,204. The firm has a market cap of $811.22 million, a P/E ratio of 26.67, a P/E/G ratio of 1.24 and a beta of 1.79. Nanometrics has a 1-year low of $22.08 and a 1-year high of $48.26.

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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Earnings History and Estimates for Nanometrics (NASDAQ:NANO)

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