Nordson Corporation (NDSN) to Post Q3 2017 Earnings of $1.67 Per Share, Barrington Research Forecasts
Nordson Corporation (NASDAQ:NDSN) – Stock analysts at Barrington Research issued their Q3 2017 earnings per share estimates for shares of Nordson Corporation in a report issued on Wednesday. Barrington Research analyst M. Gall anticipates that the industrial products company will post earnings per share of $1.67 for the quarter. Barrington Research also issued estimates for Nordson Corporation’s Q4 2017 earnings at $1.46 EPS, FY2017 earnings at $5.35 EPS and FY2018 earnings at $6.00 EPS.
Several other research analysts have also weighed in on NDSN. BidaskClub upgraded Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Nordson Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Wednesday, April 26th. Wells Fargo & Company restated a “market perform” rating and set a $130.00 price target (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Finally, Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $115.50.
Shares of Nordson Corporation (NASDAQ NDSN) opened at 119.30 on Friday. Nordson Corporation has a 1-year low of $81.48 and a 1-year high of $131.49. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 25.15 and a beta of 1.34. The stock has a 50 day moving average price of $120.89 and a 200 day moving average price of $119.48.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $496.14 million during the quarter, compared to analyst estimates of $470.12 million. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, May 25th. Nordson Corporation’s payout ratio is 22.78%.
Several institutional investors have recently modified their holdings of NDSN. Motley Fool Wealth Management LLC bought a new position in Nordson Corporation during the first quarter worth about $252,000. Sei Investments Co. increased its stake in shares of Nordson Corporation by 5.9% in the first quarter. Sei Investments Co. now owns 25,162 shares of the industrial products company’s stock worth $3,091,000 after buying an additional 1,407 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Nordson Corporation by 6.4% in the first quarter. Bank of Montreal Can now owns 12,633 shares of the industrial products company’s stock worth $1,553,000 after buying an additional 765 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Nordson Corporation by 1.8% in the first quarter. Mason Street Advisors LLC now owns 25,282 shares of the industrial products company’s stock worth $3,106,000 after buying an additional 458 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Nordson Corporation during the fourth quarter worth approximately $3,725,000. 65.98% of the stock is currently owned by institutional investors.
Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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