Northern Technologies International (NASDAQ:NTIC) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Northern Technologies International (NASDAQ:NTIC) posted its earnings results on Tuesday. The specialty chemicals company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.10), Fidelity Earnings reports. Northern Technologies International had a net margin of 11.44% and a return on equity of 11.30%. The firm had revenue of $13.45 million during the quarter, compared to analysts’ expectations of $15.20 million.
Shares of NTIC traded up $0.22 on Thursday, reaching $12.24. The stock had a trading volume of 110 shares, compared to its average volume of 4,419. The firm has a market capitalization of $106.77 million, a PE ratio of 22.25 and a beta of 1.03. The firm has a 50-day moving average of $12.16 and a 200 day moving average of $16.17. Northern Technologies International has a twelve month low of $10.02 and a twelve month high of $17.63.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Northern Technologies International’s previous quarterly dividend of $0.06. Northern Technologies International’s dividend payout ratio is currently 47.27%.
About Northern Technologies International
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.
Featured Story: How to Invest in an Index Fund
Receive News & Ratings for Northern Technologies International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Technologies International and related companies with MarketBeat.com's FREE daily email newsletter.