Wall Street analysts expect Nordson Co. (NASDAQ:NDSN) to report sales of $538.90 million for the current quarter, according to Zacks. Eight analysts have issued estimates for Nordson’s earnings, with estimates ranging from $530.34 million to $547.00 million. Nordson posted sales of $407.47 million during the same quarter last year, which suggests a positive year over year growth rate of 32.3%. The company is expected to announce its next earnings report on Monday, February 19th.
On average, analysts expect that Nordson will report full year sales of $538.90 million for the current fiscal year, with estimates ranging from $2.29 billion to $2.33 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.42 billion per share, with estimates ranging from $2.39 billion to $2.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Nordson.
Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. Nordson’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS.
Nordson (NASDAQ NDSN) opened at $151.14 on Friday. The firm has a market capitalization of $8,840.00, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. Nordson has a 52-week low of $107.16 and a 52-week high of $151.84.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Monday, December 18th. Nordson’s payout ratio is presently 23.86%.
In other news, CEO Michael F. Hilton sold 12,142 shares of Nordson stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $149.98, for a total value of $1,821,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory A. Thaxton sold 3,868 shares of Nordson stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $148.28, for a total value of $573,547.04. The disclosure for this sale can be found here. Insiders sold a total of 84,597 shares of company stock valued at $12,623,580 in the last quarter. Company insiders own 2.15% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Nordson in the 2nd quarter valued at about $104,000. D.A. Davidson & CO. boosted its stake in shares of Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares during the period. Capital Asset Advisory Services LLC purchased a new position in shares of Nordson in the 4th quarter valued at about $234,000. Quantbot Technologies LP boosted its stake in shares of Nordson by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,507 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in shares of Nordson in the 3rd quarter valued at about $240,000. Institutional investors and hedge funds own 65.67% of the company’s stock.
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Nordson 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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