Nordson Co. (NDSN) Expected to Announce Quarterly Sales of $538.09 Million

Brokerages forecast that Nordson Co. (NASDAQ:NDSN) will announce $538.09 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Nordson’s earnings. The highest sales estimate is $547.00 million and the lowest is $530.34 million. Nordson reported sales of $407.47 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.1%. The business is scheduled to issue its next earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Nordson will report full-year sales of $538.09 million for the current fiscal year, with estimates ranging from $2.29 billion to $2.33 billion. For the next financial year, analysts expect that the company will report sales of $2.42 billion per share, with estimates ranging from $2.39 billion to $2.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Nordson.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year.

NDSN has been the topic of several research reports. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and set a $135.00 price objective on shares of Nordson in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $145.00 price objective on shares of Nordson in a research report on Sunday, November 19th. Barrington Research restated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. Finally, Oppenheimer restated a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Nordson presently has an average rating of “Hold” and a consensus price target of $147.40.

Shares of Nordson (NDSN) opened at $139.09 on Wednesday. Nordson has a 52 week low of $107.16 and a 52 week high of $151.84. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The stock has a market cap of $8,192.82, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. Nordson’s payout ratio is presently 23.62%.

In related news, VP Robert E. Veillette sold 1,594 shares of Nordson stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John J. Keane sold 20,000 shares of Nordson stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total transaction of $3,007,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,597 shares of company stock worth $12,623,580. 2.01% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of NDSN. D.A. Davidson & CO. grew its holdings in Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 22 shares during the last quarter. Quantbot Technologies LP grew its holdings in Nordson by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,507 shares during the last quarter. Capital Asset Advisory Services LLC bought a new stake in Nordson in the 4th quarter worth $234,000. Oakbrook Investments LLC bought a new stake in Nordson in the 3rd quarter worth $240,000. Finally, Fisher Asset Management LLC bought a new stake in Nordson in the 3rd quarter worth $245,000. Institutional investors own 65.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Nordson Co. (NDSN) Expected to Announce Quarterly Sales of $538.09 Million” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/07/nordson-co-ndsn-expected-to-announce-quarterly-sales-of-538-09-million.html.

About Nordson

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.

Get a free copy of the Zacks research report on Nordson (NDSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Nordson (NASDAQ:NDSN)

Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply