Nordson Corporation (NASDAQ:NDSN) Scheduled to Post Earnings on Monday
Nordson Corporation (NASDAQ:NDSN) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 21st. Analysts expect Nordson Corporation to post earnings of $1.68 per share for the quarter. Nordson Corporation has set its Q3 guidance at $1.57-1.71 EPS.
Nordson Corporation (NASDAQ:NDSN) last released its earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $496.14 million during the quarter, compared to analysts’ expectations of $470.12 million. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. On average, analysts expect Nordson Corporation to post $5.40 EPS for the current fiscal year and $5.96 EPS for the next fiscal year.
Nordson Corporation (NASDAQ NDSN) opened at 127.68 on Monday. The stock has a 50 day moving average price of $123.96 and a 200-day moving average price of $121.99. The stock has a market cap of $7.36 billion, a PE ratio of 26.91 and a beta of 1.35. Nordson Corporation has a 1-year low of $89.87 and a 1-year high of $131.49.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.20 annualized dividend and a yield of 0.94%. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. Nordson Corporation’s dividend payout ratio is 22.78%.
Several brokerages recently issued reports on NDSN. BidaskClub raised Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Wednesday, April 26th. Wells Fargo & Company reissued a “market perform” rating and issued a $130.00 price objective (up previously from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. FBR & Co reissued an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Finally, Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $115.50.
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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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