Brokerages Anticipate Nordson Corporation (NDSN) Will Post Earnings of $1.32 Per Share
Equities research analysts expect Nordson Corporation (NASDAQ:NDSN) to post $1.32 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Nordson Corporation’s earnings, with the highest EPS estimate coming in at $1.38 and the lowest estimate coming in at $1.26. Nordson Corporation posted earnings of $1.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The business is scheduled to report its next earnings report on Tuesday, December 12th.
On average, analysts expect that Nordson Corporation will report full-year earnings of $5.30 per share for the current fiscal year, with EPS estimates ranging from $5.24 to $5.37. For the next year, analysts expect that the company will post earnings of $5.80 per share, with EPS estimates ranging from $5.55 to $6.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Nordson Corporation.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. During the same quarter last year, the business posted $1.67 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis.
NDSN has been the topic of several recent research reports. Robert W. Baird reiterated a “hold” rating and issued a $128.00 price target on shares of Nordson Corporation in a research report on Thursday. FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Nordson Corporation currently has a consensus rating of “Hold” and an average target price of $134.33.
Shares of Nordson Corporation (NASDAQ NDSN) traded up 0.25% during midday trading on Friday, reaching $108.84. 490,536 shares of the company were exchanged. Nordson Corporation has a 52 week low of $94.56 and a 52 week high of $131.49. The firm has a 50-day moving average of $123.65 and a 200 day moving average of $122.38. The firm has a market capitalization of $6.28 billion, a P/E ratio of 21.64 and a beta of 1.35.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.10%. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, August 18th. Nordson Corporation’s dividend payout ratio (DPR) is presently 23.90%.
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A number of institutional investors have recently bought and sold shares of the stock. Colony Group LLC bought a new position in Nordson Corporation during the second quarter valued at $2,256,000. Koch Industries Inc. bought a new position in Nordson Corporation during the second quarter valued at $425,000. Ameritas Investment Partners Inc. boosted its position in shares of Nordson Corporation by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 17,840 shares of the industrial products company’s stock worth $2,164,000 after buying an additional 264 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Nordson Corporation during the second quarter worth approximately $414,000. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Nordson Corporation by 91.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after buying an additional 848,006 shares during the last quarter. 66.43% of the stock is owned by institutional investors.
About Nordson Corporation
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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