Northern Technologies International (NASDAQ:NTIC) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Northern Technologies International (NASDAQ:NTIC) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10), MarketWatch Earnings reports. Northern Technologies International had a net margin of 11.12% and a return on equity of 9.85%. During the same quarter in the prior year, the business posted $0.13 EPS.

NTIC stock opened at $15.37 on Friday. Northern Technologies International has a one year low of $11.35 and a one year high of $21.50. The firm has a market capitalization of $141.45 million, a PE ratio of 24.02 and a beta of 1.03. The firm has a 50-day moving average of $15.24 and a two-hundred day moving average of $16.74.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Shareholders of record on Wednesday, November 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, November 2nd. This is a positive change from Northern Technologies International’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. Northern Technologies International’s dividend payout ratio is currently 43.75%.

An institutional investor recently raised its position in Northern Technologies International stock. Geode Capital Management LLC lifted its stake in Northern Technologies International Co. (NASDAQ:NTIC) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,636 shares of the specialty chemicals company’s stock after purchasing an additional 5,046 shares during the quarter. Geode Capital Management LLC owned 0.68% of Northern Technologies International worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 35.50% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on NTIC. TheStreet lowered shares of Northern Technologies International from a “b-” rating to a “c+” rating in a research report on Wednesday, November 17th. Zacks Investment Research lowered shares of Northern Technologies International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 9th.

Northern Technologies International Company Profile

Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications.

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Earnings History for Northern Technologies International (NASDAQ:NTIC)

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