Nordson Co. (NASDAQ:NDSN) Expected to Announce Earnings of $1.62 Per Share

Equities analysts expect Nordson Co. (NASDAQ:NDSN) to announce earnings of $1.62 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Nordson’s earnings. The highest EPS estimate is $1.71 and the lowest is $1.43. Nordson posted earnings per share of $1.58 during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to issue its next quarterly earnings report on Wednesday, May 19th.

On average, analysts expect that Nordson will report full-year earnings of $6.63 per share for the current financial year, with EPS estimates ranging from $6.50 to $6.70. For the next year, analysts forecast that the business will report earnings of $7.44 per share, with EPS estimates ranging from $7.20 to $7.65. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Nordson.

Nordson (NASDAQ:NDSN) last issued its earnings results on Sunday, February 21st. The industrial products company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.26. The firm had revenue of $526.57 million during the quarter, compared to the consensus estimate of $509.08 million. Nordson had a return on equity of 18.80% and a net margin of 11.77%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share.

NDSN has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on Nordson from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. Zacks Investment Research downgraded Nordson from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a research note on Friday, February 26th. DA Davidson upped their price objective on Nordson from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, March 31st. TheStreet raised Nordson from a “c+” rating to a “b” rating in a research note on Monday, February 22nd. Finally, Morgan Stanley began coverage on Nordson in a research note on Wednesday, March 31st. They issued an “equal weight” rating and a $220.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $217.60.

In related news, EVP Jeffrey A. Pembroke sold 5,388 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $195.06, for a total value of $1,050,983.28. Following the sale, the executive vice president now directly owns 15,517 shares in the company, valued at $3,026,746.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelly Peet sold 1,191 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $200.27, for a total value of $238,521.57. The disclosure for this sale can be found here. Insiders sold 19,779 shares of company stock worth $4,021,255 over the last quarter. 2.01% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of NDSN. FMR LLC boosted its holdings in shares of Nordson by 7,456.8% during the 1st quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock worth $6,369,000 after buying an additional 47,425 shares in the last quarter. Wealth Alliance boosted its holdings in shares of Nordson by 9.3% during the 3rd quarter. Wealth Alliance now owns 1,462 shares of the industrial products company’s stock worth $281,000 after buying an additional 125 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Nordson by 3.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 63,478 shares of the industrial products company’s stock worth $12,163,000 after buying an additional 2,118 shares in the last quarter. Paces Ferry Wealth Advisors LLC bought a new position in shares of Nordson during the 3rd quarter worth approximately $30,000. Finally, Brinker Capital Investments LLC bought a new position in shares of Nordson in the 3rd quarter worth $4,201,000. Hedge funds and other institutional investors own 68.25% of the company’s stock.

NASDAQ NDSN traded up $2.69 during trading on Tuesday, hitting $211.30. 156,585 shares of the company’s stock were exchanged, compared to its average volume of 256,251. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 0.61. The company has a market cap of $12.27 billion, a PE ratio of 49.48, a P/E/G ratio of 2.42 and a beta of 0.94. Nordson has a fifty-two week low of $153.01 and a fifty-two week high of $223.37. The stock’s 50 day moving average price is $205.48 and its two-hundred day moving average price is $199.27.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Tuesday, February 23rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.74%. The ex-dividend date was Monday, February 22nd. Nordson’s payout ratio is presently 28.47%.

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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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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