$1.35 Earnings Per Share Expected for Nordson Co. (NDSN) This Quarter
Wall Street brokerages expect Nordson Co. (NASDAQ:NDSN) to post $1.35 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for Nordson’s earnings, with estimates ranging from $1.29 to $1.39. Nordson reported earnings per share of $0.86 in the same quarter last year, which suggests a positive year-over-year growth rate of 57%. The company is scheduled to issue its next earnings report after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Nordson will report full year earnings of $6.28 per share for the current financial year, with EPS estimates ranging from $6.15 to $6.50. For the next year, analysts anticipate that the firm will post earnings of $6.86 per share, with EPS estimates ranging from $6.70 to $7.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Nordson.
Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $574.00 million for 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 quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share.
In other news, VP James E. Devries sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total transaction of $863,388.00. Following the completion of the sale, the vice president now owns 46,222 shares in the company, valued at $6,880,606.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John J. Keane sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total value of $3,007,000.00. The disclosure for this sale can be found here. Insiders have sold 84,597 shares of company stock valued at $12,623,580 in the last quarter. 2.01% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of NDSN. PNC Financial Services Group Inc. boosted its holdings in shares of Nordson by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 146 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Nordson by 12.2% during the second quarter. GSA Capital Partners LLP now owns 2,346 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 255 shares during the period. Citigroup Inc. boosted its holdings in shares of Nordson by 40.6% during the second quarter. Citigroup Inc. now owns 5,772 shares of the industrial products company’s stock worth $700,000 after acquiring an additional 1,667 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Nordson by 2.3% during the second 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 period. Finally, FMR LLC boosted its holdings in shares of Nordson by 26.9% during the second quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock worth $55,283,000 after acquiring an additional 96,598 shares during the period. Institutional investors own 65.70% of the company’s stock.
Nordson (NASDAQ NDSN) traded down $0.42 during trading hours on Monday, hitting $137.21. The company had a trading volume of 8,267 shares, compared to its average volume of 254,439. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $8,040.78, a P/E ratio of 25.90, a P/E/G ratio of 1.50 and a beta of 1.30. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, February 16th. Nordson’s payout ratio is currently 23.62%.
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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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