Nordson Co. (NASDAQ:NDSN) Expected to Announce Earnings of $2.28 Per Share

Brokerages expect Nordson Co. (NASDAQ:NDSNGet Rating) to post earnings of $2.28 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nordson’s earnings. The lowest EPS estimate is $2.24 and the highest is $2.31. Nordson reported earnings per share of $2.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Nordson will report full-year earnings of $9.04 per share for the current year, with EPS estimates ranging from $8.89 to $9.12. For the next year, analysts expect that the business will report earnings of $9.72 per share, with EPS estimates ranging from $9.50 to $9.90. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Nordson.

Nordson (NASDAQ:NDSNGet Rating) last announced its earnings results on Tuesday, February 22nd. The industrial products company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.93 by $0.14. The firm had revenue of $609.20 million for the quarter, compared to analysts’ expectations of $607.21 million. Nordson had a return on equity of 23.76% and a net margin of 20.34%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 earnings per share.

Several analysts have weighed in on the stock. StockNews.com raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Wells Fargo & Company increased their target price on shares of Nordson from $280.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, January 10th. Finally, Loop Capital assumed coverage on shares of Nordson in a research report on Tuesday, March 29th. They set a “hold” rating and a $250.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $275.40.

Several institutional investors have recently added to or reduced their stakes in NDSN. Curi Wealth Management LLC grew its position in Nordson by 6.2% during the first quarter. Curi Wealth Management LLC now owns 1,593 shares of the industrial products company’s stock valued at $361,000 after buying an additional 93 shares during the period. Los Angeles Capital Management LLC raised its stake in Nordson by 11.1% in the first quarter. Los Angeles Capital Management LLC now owns 71,420 shares of the industrial products company’s stock valued at $16,218,000 after purchasing an additional 7,136 shares in the last quarter. RMB Capital Management LLC raised its stake in Nordson by 7.6% in the first quarter. RMB Capital Management LLC now owns 183,386 shares of the industrial products company’s stock valued at $41,643,000 after purchasing an additional 12,954 shares in the last quarter. AIA Group Ltd purchased a new stake in Nordson in the first quarter valued at approximately $144,000. Finally, CIBC Asset Management Inc grew its position in Nordson by 114.7% during the first quarter. CIBC Asset Management Inc now owns 4,917 shares of the industrial products company’s stock valued at $1,117,000 after acquiring an additional 2,627 shares during the last quarter. Institutional investors own 81.23% of the company’s stock.

Nordson stock traded down $3.57 on Friday, reaching $209.82. 210,760 shares of the stock were exchanged, compared to its average volume of 183,799. The firm has a fifty day moving average price of $222.30 and a two-hundred day moving average price of $239.06. The stock has a market cap of $12.16 billion, a PE ratio of 24.77, a PEG ratio of 1.89 and a beta of 0.94. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Nordson has a twelve month low of $197.20 and a twelve month high of $272.28.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, February 22nd were given a $0.51 dividend. The ex-dividend date was Friday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.97%. Nordson’s dividend payout ratio (DPR) is currently 24.09%.

About Nordson (Get Rating)

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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