Nordson Corporation (NDSN) Updates Q4 Earnings Guidance
Nordson Corporation (NASDAQ:NDSN) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.18-1.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.52. The company issued revenue guidance of +4-8% to ~$530-550 million, compared to the consensus revenue estimate of $565.83 million.
A number of equities research analysts have recently commented on the company. BidaskClub downgraded Nordson Corporation from a strong-buy rating to a buy rating in a research report on Friday. FBR & Co reiterated an outperform rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Wellington Shields upgraded Nordson Corporation from a hold rating to a gradually accumulate rating in a research report on Friday, June 2nd. Wells Fargo & Company reiterated a market perform rating and set a $130.00 price objective (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Finally, Zacks Investment Research downgraded Nordson Corporation from a buy rating to a hold rating in a research report on Thursday, May 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Nordson Corporation currently has an average rating of Buy and a consensus target price of $115.50.
Nordson Corporation (NASDAQ NDSN) traded up 0.80% during mid-day trading on Monday, hitting $125.12. The stock had a trading volume of 436,757 shares. The company has a market cap of $7.21 billion, a P/E ratio of 26.37 and a beta of 1.35. Nordson Corporation has a 1-year low of $90.14 and a 1-year high of $131.49. The company has a 50-day moving average price of $124.86 and a 200 day moving average price of $122.43.
Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The firm had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. During the same period in the previous year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts forecast that Nordson Corporation will post $5.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 18th. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.96%. Nordson Corporation’s payout ratio is 25.32%.
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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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