Equities analysts predict that Nordson Co. (NASDAQ:NDSN) will post earnings of $1.81 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nordson’s earnings. The highest EPS estimate is $1.98 and the lowest is $1.73. Nordson posted earnings per share of $1.44 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.7%. The company is expected to report its next quarterly earnings report on Wednesday, December 11th.
On average, analysts expect that Nordson will report full-year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.81 to $6.30. For the next year, analysts anticipate that the firm will report earnings of $6.50 per share, with EPS estimates ranging from $6.23 to $6.95. Zacks’ EPS calculations are an average based on a survey of research firms that follow Nordson.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). Nordson had a return on equity of 21.96% and a net margin of 14.74%. The company had revenue of $559.75 million for the quarter, compared to analyst estimates of $587.74 million. During the same period in the previous year, the business posted $1.60 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year.
A number of equities analysts have recently issued reports on NDSN shares. ValuEngine downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. DA Davidson dropped their price objective on Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Longbow Research set a $160.00 price objective on Nordson and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Co raised their price objective on Nordson from $135.00 to $150.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $146.33.
Nordson stock traded down $0.50 during mid-day trading on Friday, reaching $163.98. 4,762 shares of the company were exchanged, compared to its average volume of 201,582. Nordson has a twelve month low of $110.16 and a twelve month high of $165.29. The firm’s 50-day simple moving average is $152.01 and its two-hundred day simple moving average is $140.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.57 and a current ratio of 2.21. The firm has a market cap of $9.39 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22.
In other Nordson news, CEO Michael F. Hilton sold 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $138.85, for a total transaction of $694,250.00. Following the completion of the transaction, the chief executive officer now owns 219,455 shares of the company’s stock, valued at $30,471,326.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael F. Hilton sold 12,100 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $146.22, for a total value of $1,769,262.00. The disclosure for this sale can be found here. Insiders have sold 55,679 shares of company stock valued at $8,066,347 in the last three months. 1.97% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. increased its holdings in Nordson by 3.6% in the third quarter. Raymond James Trust N.A. now owns 1,994 shares of the industrial products company’s stock valued at $291,000 after buying an additional 70 shares during the last quarter. Wedbush Securities Inc. lifted its position in Nordson by 4.5% in the second quarter. Wedbush Securities Inc. now owns 1,893 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 81 shares during the period. D.A. Davidson & CO. lifted its position in Nordson by 5.0% in the third quarter. D.A. Davidson & CO. now owns 1,737 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 83 shares during the period. Nisa Investment Advisors LLC lifted its position in Nordson by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 14,000 shares of the industrial products company’s stock worth $2,048,000 after purchasing an additional 100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nordson by 3.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,155 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 110 shares during the period. 67.19% of the stock is owned by institutional investors.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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