Nordson (NASDAQ:NDSN – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 23rd. Analysts expect the company to announce earnings of $2.28 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Nordson (NASDAQ:NDSN – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.14. The firm had revenue of $609.20 million during the quarter, compared to analysts’ expectations of $607.21 million. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. On average, analysts expect Nordson to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of NASDAQ NDSN opened at $211.97 on Monday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.79 and a beta of 0.94. The company has a 50-day moving average price of $220.77 and a 200-day moving average price of $237.42. Nordson has a 1 year low of $197.20 and a 1 year high of $272.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.45 and a quick ratio of 1.60.
Several analysts have commented on NDSN shares. Loop Capital started coverage on shares of Nordson in a research report on Tuesday, March 29th. They issued a “hold” rating and a $250.00 price objective on the stock. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nordson presently has an average rating of “Hold” and a consensus price target of $275.40.
Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its stake in Nordson by 167.1% during the 1st quarter. Covestor Ltd now owns 414 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 259 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Nordson by 18.4% in the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 147 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Nordson during the first quarter worth $219,000. Canada Pension Plan Investment Board purchased a new position in Nordson during the fourth quarter worth $243,000. Finally, Prudential PLC purchased a new position in Nordson during the first quarter worth $277,000. Institutional investors and hedge funds own 81.23% of the company’s stock.
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).
- Get a free copy of the StockNews.com research report on Nordson (NDSN)
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