Nordson (NASDAQ:NDSN) released its earnings results on Sunday. The industrial products company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.26, MarketWatch Earnings reports. Nordson had a net margin of 11.77% and a return on equity of 18.80%. The firm had revenue of $526.57 million for the quarter, compared to analyst estimates of $509.08 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.
Shares of NASDAQ NDSN traded up $3.44 during mid-day trading on Tuesday, hitting $187.82. 587,710 shares of the company were exchanged, compared to its average volume of 315,026. The company has a quick ratio of 2.05, a current ratio of 2.81 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $191.44 and a 200-day simple moving average of $196.34. Nordson has a 1-year low of $96.46 and a 1-year high of $216.87. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 9th. Investors of record on Tuesday, February 23rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, February 22nd. Nordson’s dividend payout ratio is presently 28.47%.
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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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