Nordson Co. (NDSN) Releases Q4 Earnings Guidance
Nordson Co. (NASDAQ:NDSN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.07-1.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12, Analyst RN reports. The company issued revenue guidance of +10-14% (~$451.9-468.3 million), compared to the consensus revenue estimate of $456.61 million.
Shares of Nordson Co. (NASDAQ:NDSN) traded up 0.09% on Thursday, hitting $79.80. 195,810 shares of the company’s stock traded hands. Nordson Co. has a one year low of $65.78 and a one year high of $84.95. The stock’s 50-day moving average is $77.56 and its 200-day moving average is $75.31. The company has a market cap of $5.080 billion and a price-to-earnings ratio of 23.24.
Nordson (NASDAQ:NDSN) last released its earnings data on Thursday, August 21st. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.07. The company had revenue of $458.55 million for the quarter, compared to the consensus estimate of $449.77 million. During the same quarter last year, the company posted $1.01 earnings per share. Nordson’s revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Nordson Co. will post $3.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 22nd. This is a positive change from Nordson’s previous quarterly dividend of $0.18.
A number of research firms have recently commented on NDSN. Analysts at Wells Fargo & Co. initiated coverage on shares of Nordson in a research note on Wednesday, August 6th. They set a market perform rating on the stock. On a related note, analysts at Global Hunter Securities upgraded shares of Nordson from a neutral rating to an accumulate rating in a research note on Monday, July 14th. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Barrington Research upgraded shares of Nordson from a market perform rating to an outperform rating in a research note on Wednesday, June 18th. They now have a $95.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Nordson has an average rating of Buy and an average target price of $87.25.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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