Nordson Co. (NDSN) Expected to Post Q1 2018 Earnings of $1.32 Per Share

Nordson Co. (NASDAQ:NDSN) – Analysts at Barrington Research issued their Q1 2018 earnings per share (EPS) estimates for Nordson in a note issued to investors on Tuesday. Barrington Research analyst M. Gall expects that the industrial products company will earn $1.32 per share for the quarter. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Nordson’s Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.84 EPS, Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $6.27 EPS and FY2019 earnings at $6.82 EPS.

A number of other equities research analysts have also recently issued reports on the stock. KeyCorp restated a “buy” rating and set a $165.00 price target (up from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. SunTrust Banks upped their price target on shares of Nordson to $166.00 and gave the company a “buy” rating in a report on Friday, December 15th. Gabelli cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, December 15th. B. Riley restated a “buy” rating and set a $160.00 price target on shares of Nordson in a report on Wednesday, December 13th. Finally, Oppenheimer restated a “hold” rating on shares of Nordson in a report on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Nordson currently has an average rating of “Buy” and an average price target of $147.40.

Nordson (NASDAQ:NDSN) traded up $1.77 during mid-day trading on Wednesday, reaching $147.43. 144,200 shares of the company’s stock were exchanged, compared to its average volume of 279,038. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. Nordson has a one year low of $107.16 and a one year high of $151.84. The company has a market capitalization of $8,510.00, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the prior year, the company earned $1.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its stake in shares of Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares during the period. People s United Financial Inc. lifted its stake in shares of Nordson by 1.0% in the second quarter. People s United Financial Inc. now owns 10,932 shares of the industrial products company’s stock valued at $1,326,000 after buying an additional 107 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Nordson by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock valued at $263,000 after buying an additional 146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Nordson by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,084 shares of the industrial products company’s stock valued at $253,000 after buying an additional 200 shares during the period. Finally, GSA Capital Partners LLP raised its position in Nordson by 12.2% in the second quarter. GSA Capital Partners LLP now owns 2,346 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

In related news, Director Joseph P. Keithley sold 1,518 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $149.89, for a total value of $227,533.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory A. Thaxton sold 3,868 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $148.28, for a total transaction of $573,547.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,322 shares of company stock valued at $9,919,654. 2.15% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s payout ratio is presently 23.86%.

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Nordson Company Profile

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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