Analysts Expect Nordson Co. (NASDAQ:NDSN) Will Announce Quarterly Sales of $602.47 Million

Wall Street analysts predict that Nordson Co. (NASDAQ:NDSN) will announce sales of $602.47 million for the current quarter, according to Zacks. Six analysts have made estimates for Nordson’s earnings, with the highest sales estimate coming in at $613.10 million and the lowest estimate coming in at $581.50 million. Nordson posted sales of $569.30 million in the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The company is expected to issue its next earnings results on Wednesday, December 11th.

On average, analysts expect that Nordson will report full-year sales of $2.21 billion for the current financial year, with estimates ranging from $2.19 billion to $2.22 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.31 billion, with estimates ranging from $2.25 billion to $2.37 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Nordson.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.18). Nordson had a net margin of 14.74% and a return on equity of 21.96%. The company had revenue of $559.75 million for the quarter, compared to the consensus estimate of $587.74 million. During the same quarter in the previous year, the business earned $1.60 earnings per share. Nordson’s revenue was down 3.7% compared to the same quarter last year.

Several brokerages have recently weighed in on NDSN. Longbow Research set a $160.00 price target on Nordson and gave the company a “buy” rating in a report on Friday, August 23rd. ValuEngine upgraded Nordson from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating and set a $148.00 price objective on the stock. in a research report on Monday, July 1st. DA Davidson dropped their price objective on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Finally, BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $143.00.

In other Nordson news, insider Jeffrey A. Pembroke sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $140.19, for a total value of $448,608.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael F. Hilton sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $138.85, for a total value of $694,250.00. Following the completion of the transaction, the chief executive officer now directly owns 219,455 shares in the company, valued at $30,471,326.75. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $1,686,227 over the last ninety days. 1.97% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Nordson in the first quarter worth about $459,000. California State Teachers Retirement System raised its stake in shares of Nordson by 1.3% in the first quarter. California State Teachers Retirement System now owns 92,587 shares of the industrial products company’s stock worth $12,270,000 after buying an additional 1,205 shares during the period. Wells Fargo & Company MN raised its stake in shares of Nordson by 5.5% in the first quarter. Wells Fargo & Company MN now owns 383,468 shares of the industrial products company’s stock worth $50,817,000 after buying an additional 19,971 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Nordson by 1.1% in the second quarter. Eagle Asset Management Inc. now owns 17,296 shares of the industrial products company’s stock worth $2,444,000 after buying an additional 184 shares during the period. Finally, Navellier & Associates Inc bought a new position in shares of Nordson in the second quarter worth about $203,000. 68.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NDSN traded up $0.15 on Tuesday, hitting $146.95. 36,641 shares of the company traded hands, compared to its average volume of 194,518. Nordson has a 52 week low of $110.16 and a 52 week high of $149.23. The company has a quick ratio of 1.57, a current ratio of 2.21 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $136.95 and a 200-day simple moving average of $136.67. The company has a market cap of $8.36 billion, a PE ratio of 24.74, a PEG ratio of 1.48 and a beta of 1.21.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from Nordson’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. Nordson’s dividend payout ratio (DPR) is 25.59%.

About Nordson

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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