Equities analysts forecast that Nordson Co. (NASDAQ:NDSN – Get Rating) will report $654.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nordson’s earnings, with the lowest sales estimate coming in at $646.00 million and the highest estimate coming in at $661.10 million. Nordson reported sales of $646.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Nordson will report full year sales of $2.56 billion for the current year, with estimates ranging from $2.55 billion to $2.58 billion. For the next financial year, analysts expect that the company will post sales of $2.67 billion, with estimates ranging from $2.58 billion to $2.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Nordson.
Nordson (NASDAQ:NDSN – Get Rating) last released its earnings results 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. Nordson had a net margin of 19.38% and a return on equity of 23.93%. The firm had revenue of $635.40 million for the quarter, compared to analyst estimates of $644.90 million. During the same period in the prior year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year.
NDSN stock opened at $219.83 on Monday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.81 and a beta of 0.94. Nordson has a fifty-two week low of $201.51 and a fifty-two week high of $272.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.60 and a current ratio of 1.47. The company’s 50 day moving average price is $218.69 and its 200 day moving average price is $233.89.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Shareholders of record on Tuesday, May 24th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, May 23rd. Nordson’s dividend payout ratio (DPR) is currently 24.79%.
A number of institutional investors have recently added to or reduced their stakes in NDSN. FMR LLC lifted its holdings in Nordson by 7,456.8% in the first quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock valued at $6,369,000 after acquiring an additional 47,425 shares during the period. Morgan Stanley lifted its holdings in Nordson by 23.0% in the second quarter. Morgan Stanley now owns 82,584 shares of the industrial products company’s stock valued at $18,128,000 after acquiring an additional 15,444 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Nordson during the 3rd quarter worth $1,426,000. Goldman Sachs Group Inc. raised its stake in shares of Nordson by 0.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 175,667 shares of the industrial products company’s stock worth $41,835,000 after buying an additional 1,222 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Nordson by 5.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 8,006 shares of the industrial products company’s stock worth $1,907,000 after buying an additional 429 shares during the last quarter. 81.23% of the stock is owned by 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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