Q1 2023 EPS Estimates for Northern Technologies International Co. (NASDAQ:NTIC) Cut by Analyst

Northern Technologies International Co. (NASDAQ:NTICGet Rating) – Northland Capmk decreased their Q1 2023 EPS estimates for Northern Technologies International in a report issued on Tuesday, November 15th. Northland Capmk analyst G. Richard now anticipates that the specialty chemicals company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.15. The consensus estimate for Northern Technologies International’s current full-year earnings is $1.00 per share. Northland Capmk also issued estimates for Northern Technologies International’s Q2 2023 earnings at $0.16 EPS, Q3 2023 earnings at $0.25 EPS, Q4 2023 earnings at $0.23 EPS, Q4 2023 earnings at $0.23 EPS, Q1 2024 earnings at $0.19 EPS, Q2 2024 earnings at $0.24 EPS, Q2 2024 earnings at $0.24 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.37 EPS, Q4 2024 earnings at $0.37 EPS and FY2024 earnings at $1.12 EPS.

A number of other equities analysts also recently weighed in on the stock. Northland Securities increased their price target on shares of Northern Technologies International to $21.00 in a research note on Thursday. TheStreet downgraded shares of Northern Technologies International from a “b” rating to a “c+” rating in a research note on Monday. Finally, StockNews.com assumed coverage on shares of Northern Technologies International in a research note on Sunday, November 13th. They issued a “hold” rating on the stock.

Northern Technologies International Stock Up 0.1 %

NASDAQ:NTIC opened at $12.73 on Thursday. The company has a market cap of $117.51 million, a P/E ratio of 19.28 and a beta of 0.96. Northern Technologies International has a fifty-two week low of $9.05 and a fifty-two week high of $17.00. The firm’s 50 day moving average is $12.65 and its two-hundred day moving average is $11.49.

Hedge Funds Weigh In On Northern Technologies International

A number of hedge funds have recently made changes to their positions in NTIC. Essex Investment Management Co. LLC raised its stake in shares of Northern Technologies International by 2.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 1,201 shares during the period. Meros Investment Management LP grew its holdings in Northern Technologies International by 7.3% during the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock valued at $2,481,000 after purchasing an additional 14,119 shares in the last quarter. State Street Corp grew its holdings in Northern Technologies International by 15.0% during the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after purchasing an additional 2,512 shares in the last quarter. Compass Ion Advisors LLC grew its holdings in Northern Technologies International by 8.6% during the 2nd quarter. Compass Ion Advisors LLC now owns 14,907 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 1,183 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in Northern Technologies International by 234.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 34.86% of the company’s stock.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Thursday, November 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 2nd. Northern Technologies International’s dividend payout ratio is presently 42.42%.

Northern Technologies International Company Profile

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Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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Earnings History and Estimates for Northern Technologies International (NASDAQ:NTIC)

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