Analysts predict that Nordson Co. (NASDAQ:NDSN) will report earnings of $1.42 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Nordson’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.34. Nordson reported earnings per share of $1.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The company is expected to issue its next earnings report on Monday, May 28th.
On average, analysts expect that Nordson will report full-year earnings of $6.33 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.52. For the next financial year, analysts anticipate that the firm will report earnings of $7.10 per share, with EPS estimates ranging from $6.96 to $7.25. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Nordson.
Nordson (NASDAQ:NDSN) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to analyst estimates of $538.21 million. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS.
A number of research firms recently weighed in on NDSN. Barrington Research reissued a “market perform” rating on shares of Nordson in a report on Tuesday, January 9th. BidaskClub lowered Nordson from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. KeyCorp reissued a “buy” rating and set a $165.00 target price (up from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. B. Riley set a $175.00 target price on Nordson and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, DA Davidson started coverage on Nordson in a research note on Wednesday, February 21st. They issued a “buy” rating and a $160.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Nordson has an average rating of “Buy” and an average price target of $154.30.
Shares of NDSN stock traded down $1.67 during trading on Friday, reaching $139.85. 171,901 shares of the company’s stock were exchanged, compared to its average volume of 231,129. The company has a current ratio of 1.52, a quick ratio of 1.07 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $8,204.29, a PE ratio of 26.04, a PEG ratio of 1.67 and a beta of 1.28. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84.
In related news, CEO Michael F. Hilton sold 55,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $138.18, for a total value of $7,599,900.00. Following the completion of the sale, the chief executive officer now directly owns 241,274 shares in the company, valued at approximately $33,339,241.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Hilton sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $137.11, for a total value of $6,855,500.00. Following the completion of the sale, the chief executive officer now owns 225,774 shares of the company’s stock, valued at $30,955,873.14. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in shares of Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 963 shares during the period. Sapphire Star Partners LP bought a new stake in shares of Nordson during the 4th quarter valued at $212,000. Sequoia Financial Advisors LLC bought a new stake in shares of Nordson during the 4th quarter valued at $213,000. MML Investors Services LLC bought a new stake in shares of Nordson during the 4th quarter valued at $214,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of Nordson during the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 66.70% of the company’s stock.
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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