Northland Capmk Equities Analysts Increase Earnings Estimates for Northern Technologies International Co. (NASDAQ:NTIC)

Northern Technologies International Co. (NASDAQ:NTIC) – Equities researchers at Northland Capmk raised their Q4 2024 earnings per share (EPS) estimates for Northern Technologies International in a research note issued to investors on Friday, April 12th. Northland Capmk analyst G. Richard now forecasts that the specialty chemicals company will earn $0.25 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Northern Technologies International’s current full-year earnings is $0.75 per share. Northland Capmk also issued estimates for Northern Technologies International’s Q2 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $1.00 EPS.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Thursday, January 11th. The specialty chemicals company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $20.18 million for the quarter, compared to analysts’ expectations of $21.00 million. Northern Technologies International had a return on equity of 6.72% and a net margin of 6.12%. During the same period in the previous year, the business posted $0.06 EPS.

Several other equities analysts have also issued reports on the company. StockNews.com raised Northern Technologies International from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. TheStreet upgraded shares of Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Finally, Northland Securities increased their target price on shares of Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday.

Northern Technologies International Stock Performance

Shares of NTIC stock opened at $13.85 on Monday. The stock’s 50-day moving average is $13.46 and its two-hundred day moving average is $12.54. The firm has a market cap of $130.58 million, a price-to-earnings ratio of 26.63 and a beta of 0.73. Northern Technologies International has a 1 year low of $10.08 and a 1 year high of $14.97.

Institutional Investors Weigh In On Northern Technologies International

Several hedge funds have recently made changes to their positions in NTIC. Vanguard Group Inc. lifted its position in Northern Technologies International by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 432,959 shares of the specialty chemicals company’s stock valued at $5,105,000 after purchasing an additional 1,801 shares during the period. Dimensional Fund Advisors LP lifted its position in Northern Technologies International by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock valued at $4,528,000 after purchasing an additional 3,089 shares during the period. Needham Investment Management LLC lifted its position in Northern Technologies International by 50.2% in the fourth quarter. Needham Investment Management LLC now owns 260,000 shares of the specialty chemicals company’s stock valued at $3,063,000 after purchasing an additional 86,952 shares during the period. Ballast Asset Management LP acquired a new stake in Northern Technologies International in the third quarter valued at about $2,911,000. Finally, Meros Investment Management LP lifted its position in Northern Technologies International by 1.2% in the fourth quarter. Meros Investment Management LP now owns 214,713 shares of the specialty chemicals company’s stock valued at $2,531,000 after purchasing an additional 2,648 shares during the period. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.02%. Northern Technologies International’s dividend payout ratio (DPR) is 53.85%.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.