Wall Street analysts expect Nordson Co. (NASDAQ:NDSN) to report sales of $550.70 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Nordson’s earnings. The highest sales estimate is $563.30 million and the lowest is $539.00 million. Nordson posted sales of $529.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 4%. The firm is expected to announce its next earnings report on Monday, February 22nd.
According to Zacks, analysts expect that Nordson will report full year sales of $2.24 billion for the current year, with estimates ranging from $2.18 billion to $2.31 billion. For the next financial year, analysts forecast that the business will report sales of $2.39 billion, with estimates ranging from $2.31 billion to $2.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Nordson.
Nordson (NASDAQ:NDSN) last issued its earnings results on Sunday, February 21st. The industrial products company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.26. Nordson had a return on equity of 18.80% and a net margin of 11.77%. The business had revenue of $526.57 million during the quarter, compared to analyst estimates of $509.08 million. During the same period in the prior year, the company posted $0.89 earnings per share. Nordson’s revenue was up 6.4% on a year-over-year basis.
NASDAQ:NDSN traded up $4.55 during trading hours on Thursday, reaching $188.93. The company had a trading volume of 6,900 shares, compared to its average volume of 307,008. The stock has a 50-day moving average of $191.44 and a two-hundred day moving average of $196.34. Nordson has a one year low of $96.46 and a one year high of $216.87. The firm has a market capitalization of $10.98 billion, a PE ratio of 43.77, a PEG ratio of 2.42 and a beta of 0.94. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 9th. Stockholders 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 of this dividend is Monday, February 22nd. Nordson’s payout ratio is presently 28.47%.
Several hedge funds have recently made changes to their positions in NDSN. International Assets Investment Management LLC bought a new stake in shares of Nordson during the fourth quarter worth $25,000. Paces Ferry Wealth Advisors LLC bought a new stake in shares of Nordson during the third quarter worth $30,000. Newfound Research LLC bought a new stake in shares of Nordson during the fourth quarter worth $37,000. Dimension Capital Management LLC bought a new stake in shares of Nordson during the third quarter worth $39,000. Finally, Archer Investment Corp bought a new stake in shares of Nordson during the fourth quarter worth $39,000. Institutional investors own 68.25% 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 worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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