Nanometrics Incorporated (NANO) to Release Earnings on Tuesday
Nanometrics Incorporated (NASDAQ:NANO) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 2nd. Analysts expect Nanometrics to post earnings of ($0.05) per share for the quarter.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Thursday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $45.68 million for the quarter, compared to analyst estimates of $45.17 million. The business’s revenue was up 68.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) EPS. On average, analysts expect Nanometrics to post $0.22 EPS for the current fiscal year and $0.44 EPS for the next fiscal year.
A number of brokerages have weighed in on NANO. Benchmark Co. dropped their target price on shares of Nanometrics from $20.00 to $17.00 in a report on Friday, October 30th. RBC Capital reissued a “hold” rating and set a $15.00 target price (down from $16.00) on shares of Nanometrics in a report on Friday, October 30th. Zacks Investment Research raised shares of Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, October 28th. TheStreet cut shares of Nanometrics from a “hold” rating to a “sell” rating in a report on Friday, October 16th. Finally, Pacific Crest dropped their target price on shares of Nanometrics from $21.00 to $19.00 in a report on Thursday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.60.
Shares of Nanometrics Incorporated (NASDAQ:NANO) traded up 4.74% during trading on Friday, reaching $14.13. 159,099 shares of the company’s stock were exchanged. Nanometrics Incorporated has a 52 week low of $11.91 and a 52 week high of $18.71. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $14.24. The firm has a market capitalization of $341.78 million and a PE ratio of 7065.00.
Nanometrics Incorporated (NASDAQ:NANO) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness LEDs (HB-LED), discrete components and data storage devices. The Company’s automated and integrated systems address numerous process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications. The Company offers a diverse line of process control and inspection products and technologies to address the manufacturing requirements of the semiconductor (and other solid state device) manufacturing industry.
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