Brokerages predict that Nordson Co. (NASDAQ:NDSN) will announce earnings per share (EPS) of $1.48 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Nordson’s earnings. The lowest EPS estimate is $1.45 and the highest is $1.50. Nordson posted earnings of $1.38 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The business is scheduled to report its next earnings report on Wednesday, December 12th.

On average, analysts expect that Nordson will report full-year earnings of $5.98 per share for the current financial year, with EPS estimates ranging from $5.95 to $6.00. For the next year, analysts expect that the firm will report earnings of $6.66 per share, with EPS estimates ranging from $6.40 to $6.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Nordson.

Nordson (NASDAQ:NDSN) last released its earnings results on Monday, August 20th. The industrial products company reported $1.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.60. The company had revenue of $581.20 million during the quarter, compared to the consensus estimate of $590.75 million. Nordson had a net margin of 16.40% and a return on equity of 26.37%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 EPS.

Several research firms have recently weighed in on NDSN. ValuEngine raised shares of Nordson from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub raised shares of Nordson from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Nordson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. DA Davidson set a $160.00 target price on shares of Nordson and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Finally, Wellington Shields downgraded shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Nordson currently has a consensus rating of “Hold” and a consensus price target of $155.11.

Several hedge funds and other institutional investors have recently bought and sold shares of NDSN. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nordson by 64.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,220,240 shares of the industrial products company’s stock valued at $541,921,000 after buying an additional 1,646,436 shares during the period. American Century Companies Inc. acquired a new position in shares of Nordson in the 1st quarter valued at about $52,629,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Nordson by 13,832.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 383,982 shares of the industrial products company’s stock valued at $2,989,000 after buying an additional 381,226 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Nordson by 34.9% in the 1st quarter. JPMorgan Chase & Co. now owns 840,589 shares of the industrial products company’s stock valued at $114,605,000 after buying an additional 217,539 shares during the period. Finally, Select Equity Group L.P. acquired a new position in shares of Nordson in the 1st quarter valued at about $28,369,000. 69.17% of the stock is owned by institutional investors and hedge funds.

NDSN opened at $138.13 on Friday. The stock has a market capitalization of $8.03 billion, a PE ratio of 25.72, a P/E/G ratio of 1.77 and a beta of 1.29. Nordson has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a quick ratio of 2.36, a current ratio of 3.16 and a debt-to-equity ratio of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Tuesday, August 21st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 20th. This is a positive change from Nordson’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. Nordson’s payout ratio is 78.21%.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.

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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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