FY2017 EPS Estimates for Nordson Corporation (NDSN) Reduced by Analyst
Nordson Corporation (NASDAQ:NDSN) – Equities research analysts at Seaport Global Securities reduced their FY2017 earnings estimates for shares of Nordson Corporation in a research note issued to investors on Wednesday. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will earn $5.31 per share for the year, down from their previous forecast of $5.33. Seaport Global Securities also issued estimates for Nordson Corporation’s Q4 2017 earnings at $1.32 EPS, Q3 2018 earnings at $1.83 EPS and Q4 2018 earnings at $1.48 EPS.
Several other analysts have also recently issued reports on NDSN. Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Wells Fargo & Company reiterated a “market perform” rating and issued a $130.00 target price (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Nordson Corporation has a consensus rating of “Hold” and an average price target of $134.33.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at 108.84 on Friday. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.64 and a beta of 1.35. Nordson Corporation has a 1-year low of $94.56 and a 1-year high of $131.49. The stock has a 50 day moving average price of $123.65 and a 200 day moving average price of $122.38.
Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $574.20 million. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue was up 20.3% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares during the period. Russell Investments Group Ltd. boosted its stake in Nordson Corporation by 26.7% in the first quarter. Russell Investments Group Ltd. now owns 41,794 shares of the industrial products company’s stock valued at $5,134,000 after buying an additional 8,804 shares during the period. Sapphire Star Partners LP bought a new stake in Nordson Corporation during the first quarter valued at $204,000. Janney Montgomery Scott LLC boosted its stake in Nordson Corporation by 69.4% in the first quarter. Janney Montgomery Scott LLC now owns 21,724 shares of the industrial products company’s stock valued at $2,669,000 after buying an additional 8,903 shares during the period. Finally, First Quadrant L P CA boosted its stake in Nordson Corporation by 0.5% in the first quarter. First Quadrant L P CA now owns 22,882 shares of the industrial products company’s stock valued at $2,811,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 66.43% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.10%. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. Nordson Corporation’s dividend payout ratio (DPR) is 23.90%.
Nordson Corporation 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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