Nordson (NASDAQ:NDSN) Releases FY22 Earnings Guidance

Nordson (NASDAQ:NDSNGet Rating) issued an update on its FY22 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 $2.55-2.57 billion, compared to the consensus revenue estimate of $2.57 billion.Nordson also updated its FY 2022 guidance to $9.13-$9.37 EPS.

NDSN traded up $0.66 on Monday, hitting $205.90. 327,623 shares of the stock traded hands, compared to its average volume of 363,916. Nordson has a 52 week low of $200.09 and a 52 week high of $272.28. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $11.93 billion, a PE ratio of 24.31, a P/E/G ratio of 1.75 and a beta of 0.94. The business has a fifty day moving average price of $219.99 and a two-hundred day moving average price of $235.64.

Nordson (NASDAQ:NDSNGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.14. Nordson had a return on equity of 23.76% and a net margin of 20.34%. The firm had revenue of $609.20 million for the quarter, compared to analyst estimates of $607.21 million. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Nordson will post 9.06 EPS for the current fiscal year.

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

A number of research firms have weighed in on NDSN. Loop Capital began coverage on Nordson in a report on Tuesday, March 29th. They set a hold rating and a $250.00 price objective on the stock. StockNews.com raised Nordson from a hold rating to a buy rating in a report on Monday, May 2nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $275.40.

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

Nordson Company Profile (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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