Nordson (NDSN) to Release Quarterly Earnings on Wednesday

Nordson (NASDAQ:NDSN) will likely be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $2.08 per share and revenue of $639.40 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Nordson’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company posted $2.46 EPS. On average, analysts expect Nordson to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $216.42 on Tuesday. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.62 and a beta of 0.95. The firm’s 50 day simple moving average is $215.59 and its 200 day simple moving average is $239.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. Nordson has a fifty-two week low of $196.83 and a fifty-two week high of $279.38.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. Nordson’s dividend payout ratio is 38.47%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,703 shares of company stock valued at $374,069. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

NDSN has been the topic of several research analyst reports. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson lowered their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and lifted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $279.25.

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 worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.