Nordson (NDSN) Projected to Post Earnings on Wednesday

Nordson (NASDAQ:NDSN) is expected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Nordson to post earnings of $2.08 per share and revenue of $639.40 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter in the prior year, the business posted $2.46 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts expect Nordson to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Nordson Price Performance

Shares of NDSN opened at $216.66 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. Nordson has a 1-year low of $196.83 and a 1-year high of $279.38. The stock has a market cap of $12.37 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.62 and a beta of 0.95. The firm has a fifty day moving average price of $218.72 and a 200 day moving average price of $240.29.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 1,703 shares of company stock valued at $374,069. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NDSN. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.25.

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