Equities analysts forecast that Nordson Co. (NASDAQ:NDSN) will announce earnings of $1.35 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Nordson’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.39. Nordson reported earnings of $0.86 per share in the same quarter last year, which indicates a positive year over year growth rate of 57%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Nordson will report full-year earnings of $6.28 per share for the current fiscal year, with EPS estimates ranging from $6.15 to $6.50. For the next year, analysts anticipate that the company will post earnings of $6.86 per share, with EPS estimates ranging from $6.70 to $7.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Nordson.
Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share.
In other Nordson news, Director Joseph P. Keithley sold 1,518 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $149.89, for a total transaction of $227,533.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert E. Veillette sold 1,594 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total transaction of $226,650.86. The disclosure for this sale can be found here. Insiders have sold 84,597 shares of company stock valued at $12,623,580 over the last three months. 2.01% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Nordson by 0.9% during the fourth quarter. BlackRock Inc. now owns 4,311,022 shares of the industrial products company’s stock valued at $631,134,000 after buying an additional 38,879 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Nordson by 2.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,818,852 shares of the industrial products company’s stock valued at $266,280,000 after buying an additional 42,138 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Nordson by 85.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock valued at $136,453,000 after buying an additional 530,100 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Nordson by 0.8% during the fourth quarter. Champlain Investment Partners LLC now owns 974,340 shares of the industrial products company’s stock valued at $142,643,000 after buying an additional 7,555 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Nordson by 107.7% during the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock valued at $142,053,000 after buying an additional 503,093 shares during the last quarter. 66.96% of the stock is owned by institutional investors and hedge funds.
Shares of Nordson (NDSN) traded up $2.08 during midday trading on Thursday, hitting $141.41. 341,455 shares of the stock traded hands, compared to its average volume of 257,588. The company has a market capitalization of $8,010.72, a P/E ratio of 27.84, a PEG ratio of 1.49 and a beta of 1.30. Nordson has a 52-week low of $107.16 and a 52-week high of $151.84. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.10.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.85%. Nordson’s payout ratio is 23.62%.
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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.
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