Nordson (NDSN) to Release Quarterly Earnings on Wednesday

Nordson (NASDAQ:NDSN) will likely be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Nordson to post earnings of $2.08 per share and revenue of $639.40 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period last year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect Nordson to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Nordson Trading Down 0.4 %

Shares of NDSN stock opened at $216.42 on Tuesday. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a market capitalization of $12.36 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.62 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $215.59 and a 200 day moving average price of $239.43.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson decreased their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $279.25.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,703 shares of company stock valued at $374,069 in the last ninety days. 0.80% of the stock is currently owned by insiders.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.