Analysts Expect Nordson Corporation (NDSN) to Post $1.67 Earnings Per Share
Analysts forecast that Nordson Corporation (NASDAQ:NDSN) will report earnings per share (EPS) of $1.67 for the current quarter, Zacks reports. Seven analysts have issued estimates for Nordson Corporation’s earnings, with estimates ranging from $1.65 to $1.70. Nordson Corporation reported earnings per share of $1.47 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is scheduled to issue its next earnings results after the market closes on Monday, August 21st.
On average, analysts expect that Nordson Corporation will report full year earnings of $5.37 per share for the current year, with EPS estimates ranging from $5.24 to $5.50. For the next financial year, analysts forecast that the company will report earnings of $5.91 per share, with EPS estimates ranging from $5.75 to $6.25. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Nordson Corporation.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The business had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. During the same period in the prior year, the business posted $1.23 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company reissued a “market perform” rating and set a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. BidaskClub raised Nordson Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Nordson Corporation presently has an average rating of “Buy” and an average price target of $115.50.
A number of institutional investors have recently made changes to their positions in the company. Financial Architects Inc boosted its position in shares of Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares during the period. TrimTabs Asset Management LLC bought a new position in shares of Nordson Corporation during the first quarter worth approximately $126,000. IFP Advisors Inc boosted its position in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares during the period. Sapphire Star Partners LP bought a new position in shares of Nordson Corporation during the first quarter worth approximately $204,000. Finally, Opus Capital Group LLC bought a new position in shares of Nordson Corporation during the second quarter worth approximately $208,000. 65.92% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Nordson Corporation (NASDAQ:NDSN) traded down 0.46% during mid-day trading on Tuesday, reaching $128.50. The company had a trading volume of 10,584 shares. The stock has a 50 day moving average price of $121.72 and a 200 day moving average price of $121.26. The firm has a market capitalization of $7.41 billion, a PE ratio of 27.09 and a beta of 1.35. Nordson Corporation has a 12-month low of $88.92 and a 12-month high of $131.49.
About Nordson Corporation
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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