Nordson (NDSN) Expected to Announce Quarterly Earnings on Wednesday

Nordson (NASDAQ:NDSN) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $2.08 per share and revenue of $639.40 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

Nordson Stock Down 0.4 %

NDSN stock opened at $216.42 on Monday. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.62 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson has a 12 month low of $196.83 and a 12 month high of $279.38. The firm has a 50-day moving average of $216.37 and a two-hundred day moving average of $239.62.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. Nordson’s payout ratio is 38.47%.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 1,703 shares of company stock valued at $374,069. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NDSN. Loop Capital upgraded shares of 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. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson cut their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nordson has a consensus 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.