$1.61 EPS Expected for Nordson Co. (NDSN) This Quarter
Wall Street analysts expect Nordson Co. (NASDAQ:NDSN) to post $1.61 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Nordson’s earnings, with the highest EPS estimate coming in at $1.69 and the lowest estimate coming in at $1.49. Nordson reported earnings of $1.56 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Monday, May 20th.
On average, analysts expect that Nordson will report full year earnings of $6.37 per share for the current financial year, with EPS estimates ranging from $6.20 to $6.50. For the next financial year, analysts forecast that the firm will report earnings of $7.09 per share, with EPS estimates ranging from $6.83 to $7.31. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Nordson.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.21). Nordson had a return on equity of 23.01% and a net margin of 14.59%. The business had revenue of $497.91 million during the quarter, compared to analysts’ expectations of $497.99 million. During the same period in the prior year, the company posted $1.35 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis.
In other Nordson news, CEO Michael F. Hilton sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $137.98, for a total value of $551,920.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John J. Keane sold 43,900 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $132.69, for a total value of $5,825,091.00. The disclosure for this sale can be found here. Insiders sold a total of 68,429 shares of company stock worth $8,806,248 in the last ninety days. Insiders own 1.97% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Doyle Wealth Management acquired a new stake in shares of Nordson during the 4th quarter worth approximately $30,000. Penserra Capital Management LLC acquired a new stake in shares of Nordson during the 4th quarter worth approximately $36,000. Bessemer Group Inc. acquired a new stake in shares of Nordson during the 4th quarter worth approximately $66,000. Bremer Trust National Association acquired a new stake in shares of Nordson during the 4th quarter worth approximately $68,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Nordson during the 3rd quarter worth approximately $115,000. 68.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NDSN traded up $0.62 during midday trading on Friday, reaching $131.85. 4,139 shares of the stock were exchanged, compared to its average volume of 255,647. Nordson has a 12-month low of $110.16 and a 12-month high of $146.84. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.84. The company has a market capitalization of $7.59 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.64 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, February 25th. Nordson’s dividend payout ratio (DPR) is currently 23.57%.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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