Northern Technologies International (NASDAQ:NTIC) Releases Earnings Results, Misses Expectations By $0.05 EPS

Northern Technologies International (NASDAQ:NTIC) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a return on equity of 8.03% and a net margin of 6.36%.

Northern Technologies International Stock Up 3.7 %

Shares of NASDAQ NTIC opened at $13.43 on Friday. The business has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $13.32. Northern Technologies International has a 52 week low of $11.55 and a 52 week high of $19.63. The company has a market cap of $127.18 million, a P/E ratio of 24.42 and a beta of 0.62.

Northern Technologies International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. Northern Technologies International’s payout ratio is 50.91%.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.