Wall Street brokerages forecast that Nordson Co. (NASDAQ:NDSN) will report $544.33 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Nordson’s earnings, with the lowest sales estimate coming in at $527.20 million and the highest estimate coming in at $556.00 million. Nordson reported sales of $496.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is expected to issue its next earnings report on Monday, May 28th.
According to Zacks, analysts expect that Nordson will report full year sales of $544.33 million for the current fiscal year, with estimates ranging from $2.29 billion to $2.33 billion. For the next year, analysts forecast that the firm 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 research firms that cover Nordson.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to the consensus estimate of $538.21 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS.
Several analysts have weighed in on the company. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research note on Tuesday, January 9th. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. KeyCorp reiterated a “buy” rating and set a $165.00 price target (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, SunTrust Banks boosted their price target on Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Nordson currently has a consensus rating of “Hold” and a consensus target price of $151.40.
Shares of Nordson (NASDAQ NDSN) opened at $136.55 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $7,890.00, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Nordson has a one year low of $107.16 and a one year high of $151.84.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. Nordson’s payout ratio is 21.54%.
In related news, VP James E. Devries sold 5,800 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the transaction, the vice president now owns 46,222 shares of the company’s stock, valued at approximately $6,880,606.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert E. Veillette sold 1,594 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total value of $226,650.86. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock worth $12,623,580 in the last 90 days. Company insiders own 2.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its holdings in Nordson by 10.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock worth $589,000 after purchasing an additional 464 shares during the period. Eaton Vance Management raised its holdings in Nordson by 4.5% in the 4th quarter. Eaton Vance Management now owns 11,573 shares of the industrial products company’s stock worth $1,694,000 after purchasing an additional 500 shares during the period. Amalgamated Bank raised its holdings in Nordson by 5.6% in the 4th quarter. Amalgamated Bank now owns 12,030 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 634 shares during the period. Independent Advisor Alliance raised its holdings in Nordson by 13.6% in the 3rd quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock worth $668,000 after purchasing an additional 657 shares during the period. Finally, Dupont Capital Management Corp raised its holdings in Nordson by 8.0% in the 4th quarter. Dupont Capital Management Corp now owns 9,170 shares of the industrial products company’s stock worth $1,342,000 after purchasing an additional 676 shares during the period. 66.96% of the stock is owned by institutional investors.
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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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