Nordson (NASDAQ:NDSN) Releases Q1 Earnings Guidance

Nordson (NASDAQ:NDSN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.95-$2.15 for the period, compared to the consensus earnings per share estimate of $2.30. The company issued revenue guidance of $615-$655 million, compared to the consensus revenue estimate of $681.69 million. Nordson also updated its FY25 guidance to $9.70-$10.50 EPS.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their target price on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $299.00.

Nordson Stock Performance

NDSN traded down $3.32 on Wednesday, hitting $249.55. 526,376 shares of the stock traded hands, compared to its average volume of 234,474. Nordson has a 52 week low of $222.18 and a 52 week high of $279.38. The firm has a market capitalization of $14.27 billion, a PE ratio of 30.80, a P/E/G ratio of 1.89 and a beta of 0.90. The business has a fifty day moving average price of $255.25 and a two-hundred day moving average price of $245.91. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter last year, the company earned $2.46 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts predict that Nordson will post 9.55 EPS for the current fiscal year.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,629 shares of company stock valued at $914,400. Corporate insiders own 0.86% of the company’s stock.

About Nordson

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 three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.