Northern Technologies International (NASDAQ:NTIC) Updates FY 2019 Earnings Guidance

Northern Technologies International (NASDAQ:NTIC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.65-0.70 for the period. The company issued revenue guidance of $57.5-58.5 million.

Separately, ValuEngine downgraded shares of Northern Technologies International from a hold rating to a sell rating in a research note on Tuesday, July 2nd.

Shares of NTIC stock opened at $11.90 on Tuesday. The stock’s fifty day moving average is $22.73. Northern Technologies International has a 12-month low of $11.63 and a 12-month high of $20.95. The company has a market capitalization of $108.90 million, a P/E ratio of 16.76 and a beta of 0.97.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Friday, April 5th. The specialty chemicals company reported $0.15 earnings per share (EPS) for the quarter. Northern Technologies International had a net margin of 13.04% and a return on equity of 12.70%. The company had revenue of $13.32 million during the quarter. On average, equities research analysts predict that Northern Technologies International will post 0.88 EPS for the current year.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

Further Reading: Buy Rating

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