Nordson Corporation (NDSN) Expected to Announce Quarterly Sales of $544.38 Million
Analysts forecast that Nordson Corporation (NASDAQ:NDSN) will announce sales of $544.38 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Nordson Corporation’s earnings, with the highest sales estimate coming in at $547.70 million and the lowest estimate coming in at $541.10 million. Nordson Corporation posted sales of $509.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is expected to announce its next quarterly earnings results on Tuesday, December 12th.
On average, analysts expect that Nordson Corporation will report full-year sales of $544.38 million for the current financial year, with estimates ranging from $2.03 billion to $2.04 billion. For the next year, analysts anticipate that the firm will report sales of $2.16 billion per share, with estimates ranging from $2.11 billion to $2.23 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Nordson Corporation.
Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $589.40 million during the quarter, compared to the consensus estimate of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS.
NDSN has been the subject of a number of research reports. Gabelli raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, August 23rd. BidaskClub cut shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. FBR & Co set a $160.00 price target on shares of Nordson Corporation and gave the stock a “buy” rating in a research note on Monday, September 11th. Wellington Shields raised shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Nordson Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Nordson Corporation currently has a consensus rating of “Buy” and an average price target of $138.00.
Institutional investors have recently modified their holdings of the business. Mckinley Capital Management LLC Delaware purchased a new position in Nordson Corporation during the 2nd quarter valued at $104,000. Financial Architects Inc increased its position in Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 100 shares during the period. D.A. Davidson & CO. increased its position in Nordson Corporation by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares during the period. IFP Advisors Inc increased its position in Nordson Corporation by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares during the period. Finally, Opus Capital Group LLC purchased a new position in Nordson Corporation during the 2nd quarter valued at $208,000. 66.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nordson Corporation (NDSN) traded up 0.31% during trading on Friday, reaching $113.20. 787,733 shares of the company traded hands. The stock has a market capitalization of $6.53 billion, a PE ratio of 22.51 and a beta of 1.35. Nordson Corporation has a 12-month low of $95.35 and a 12-month high of $131.49. The firm’s 50-day moving average is $118.50 and its 200-day moving average is $121.62.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.30 per share. This is an increase from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, August 18th. Nordson Corporation’s payout ratio is presently 23.90%.
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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