Nordson Co. (NASDAQ:NDSN) Forecasted to Earn Q3 2022 Earnings of $2.47 Per Share

Nordson Co. (NASDAQ:NDSNGet Rating) – Analysts at KeyCorp issued their Q3 2022 EPS estimates for shares of Nordson in a research note issued to investors on Monday, May 23rd. KeyCorp analyst J. Hammond anticipates that the industrial products company will earn $2.47 per share for the quarter. KeyCorp also issued estimates for Nordson’s Q4 2022 earnings at $2.33 EPS, FY2022 earnings at $9.30 EPS and FY2023 earnings at $10.00 EPS.

Nordson (NASDAQ:NDSNGet Rating) last announced its quarterly earnings data on Monday, May 23rd. The industrial products company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.14. The business had revenue of $635.40 million for the quarter, compared to analysts’ expectations of $644.90 million. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share.

A number of other analysts have also recently issued reports on NDSN. DA Davidson reduced their price objective on shares of Nordson from $300.00 to $265.00 in a research note on Tuesday. Loop Capital initiated coverage on shares of Nordson in a research note on Tuesday, March 29th. They set a “hold” rating and a $250.00 target price for the company. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Finally, Robert W. Baird lowered their target price on shares of Nordson from $266.00 to $243.00 and set an “outperform” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $268.33.

NDSN opened at $213.36 on Thursday. 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 1-year low of $201.51 and a 1-year high of $272.28. The company has a market capitalization of $12.36 billion, a PE ratio of 25.19, a PEG ratio of 1.75 and a beta of 0.94. The firm’s 50 day simple moving average is $219.22 and its two-hundred day simple moving average is $234.93.

Several institutional investors have recently modified their holdings of NDSN. Confluence Wealth Services Inc. purchased a new position in shares of Nordson in the 4th quarter worth approximately $29,000. Liberty Wealth Management LLC grew its position in shares of Nordson by 1,412.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 121 shares of the industrial products company’s stock worth $31,000 after buying an additional 113 shares during the last quarter. Ellevest Inc. grew its position in shares of Nordson by 2,740.0% in the 4th quarter. Ellevest Inc. now owns 142 shares of the industrial products company’s stock worth $36,000 after buying an additional 137 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in Nordson during the 1st quarter worth approximately $36,000. Finally, Covestor Ltd purchased a new stake in Nordson during the 4th quarter worth approximately $40,000. 81.23% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, May 23rd. Nordson’s payout ratio is currently 24.09%.

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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