Nordson (NASDAQ:NDSN) Issues FY 2022 Earnings Guidance

Nordson (NASDAQ:NDSNGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $9.13-$9.37 for the period, compared to the consensus estimate of $9.06. The company issued revenue guidance of $2.55 billion-$2.58 billion, compared to the consensus revenue estimate of $2.57 billion.

NASDAQ:NDSN traded up $0.66 during mid-day trading on Monday, hitting $205.90. 327,623 shares of the stock were exchanged, compared to its average volume of 363,916. The firm’s 50-day simple moving average is $219.99 and its 200 day simple moving average is $235.64. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. Nordson has a fifty-two week low of $200.09 and a fifty-two week high of $272.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 2.45.

Nordson (NASDAQ:NDSNGet Rating) last announced its earnings results 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. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The company had revenue of $609.20 million during the quarter, compared to analysts’ expectations of $607.21 million. During the same quarter in the previous year, the business posted $1.32 earnings per share. Nordson’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Nordson will post 9.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.99%. Nordson’s payout ratio is 24.09%.

Several equities analysts have weighed in on NDSN shares. Loop Capital started coverage on Nordson in a report on Tuesday, March 29th. They issued a hold rating and a $250.00 price objective for the company. upgraded shares of Nordson from a hold rating to a buy rating in a research note on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $275.40.

A number of hedge funds have recently modified their holdings of NDSN. Toroso Investments LLC grew its position in shares of Nordson by 33.1% in the 1st quarter. Toroso Investments LLC now owns 4,151 shares of the industrial products company’s stock worth $943,000 after buying an additional 1,033 shares during the period. Worldquant Millennium Advisors LLC raised its position in shares of Nordson by 52.6% during the 1st quarter. Worldquant Millennium Advisors LLC now owns 59,031 shares of the industrial products company’s stock valued at $13,405,000 after purchasing an additional 20,356 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Nordson in the first quarter worth $2,586,000. Advisors Asset Management Inc. increased its stake in Nordson by 16.1% in the 1st quarter. Advisors Asset Management Inc. now owns 14,151 shares of the industrial products company’s stock worth $3,213,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Nordson by 314.6% in the 1st quarter. Jane Street Group LLC now owns 17,051 shares of the industrial products company’s stock worth $3,872,000 after acquiring an additional 12,938 shares during the last quarter. 81.23% of the stock is owned by hedge funds and other institutional investors.

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).

Further Reading

Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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