$1.42 EPS Expected for Nordson Co. (NDSN) This Quarter

Analysts expect that Nordson Co. (NASDAQ:NDSN) will announce $1.42 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Nordson’s earnings, with the highest EPS estimate coming in at $1.47 and the lowest estimate coming in at $1.34. Nordson reported earnings of $1.35 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is expected to announce its next earnings report on Monday, August 20th.

According to Zacks, analysts expect that Nordson will report full-year earnings of $6.19 per share for the current year, with EPS estimates ranging from $5.90 to $6.47. For the next financial year, analysts anticipate that the business will report earnings of $6.95 per share, with EPS estimates ranging from $6.40 to $7.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Nordson.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 21st. The industrial products company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.13. The company had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $551.98 million. Nordson had a return on equity of 28.97% and a net margin of 16.63%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share.

Several equities analysts have issued reports on NDSN shares. Wells Fargo & Co set a $135.00 target price on Nordson and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Nordson from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, May 16th. BidaskClub lowered Nordson from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. B. Riley set a $175.00 target price on Nordson and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Nordson in a research report on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $153.60.

In related news, CEO Michael F. Hilton sold 55,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the sale, the chief executive officer now owns 241,274 shares of the company’s stock, valued at approximately $33,339,241.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Hilton sold 50,000 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $137.11, for a total value of $6,855,500.00. Following the sale, the chief executive officer now directly owns 225,774 shares in the company, valued at approximately $30,955,873.14. The disclosure for this sale can be found here. Corporate insiders own 2.01% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its holdings in shares of Nordson by 3.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 11,519 shares of the industrial products company’s stock valued at $1,570,000 after acquiring an additional 385 shares in the last quarter. Eaton Vance Management raised its holdings in shares of Nordson by 4.5% in the 4th quarter. Eaton Vance Management now owns 11,573 shares of the industrial products company’s stock valued at $1,694,000 after acquiring an additional 500 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Nordson by 3.3% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,850 shares of the industrial products company’s stock valued at $2,161,000 after acquiring an additional 500 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Nordson by 12.4% in the 1st quarter. OppenheimerFunds Inc. now owns 4,549 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 501 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Nordson by 2.4% in the 1st quarter. Mason Street Advisors LLC now owns 25,624 shares of the industrial products company’s stock valued at $3,494,000 after acquiring an additional 612 shares in the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson traded up $1.65, hitting $128.65, during trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 276,100 shares, compared to its average volume of 250,152. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.07 and a current ratio of 1.84. The firm has a market cap of $7.49 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.93%. Nordson’s dividend payout ratio is presently 22.35%.

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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