Nordson (NDSN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Nordson (NASDAQ:NDSN) issued its quarterly earnings data on Thursday. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.07, Stock Ratings Network reports. 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. Nordson updated its Q4 guidance to $1.07-1.17 EPS.
Nordson (NASDAQ:NDSN) traded up 0.09% during mid-day trading on Thursday, hitting $79.80. 196,010 shares of the company’s stock traded hands. Nordson has a 1-year low of $65.78 and a 1-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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.10%. The ex-dividend date 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 the ratings front, 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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