Nordson (NDSN) Releases Earnings Results, Misses Estimates By $0.06 EPS
Nordson (NASDAQ:NDSN) released its quarterly earnings data on Monday. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06), RTT News reports. Nordson had a net margin of 14.59% and a return on equity of 23.01%. The firm had revenue of $551.00 million during the quarter, compared to the consensus estimate of $558.34 million. During the same quarter last year, the business posted $0.15 earnings per share. Nordson’s revenue was down .5% compared to the same quarter last year.
Nordson stock traded down $4.64 during mid-day trading on Monday, hitting $130.59. 469,561 shares of the company traded hands, compared to its average volume of 221,554. Nordson has a one year low of $110.16 and a one year high of $149.23. The firm has a market cap of $7.49 billion, a PE ratio of 21.98, a PEG ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.84.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, May 24th. This represents a $1.40 annualized dividend and a yield of 1.07%. Nordson’s payout ratio is presently 23.57%.
A number of research firms have recently commented on NDSN. Oppenheimer raised their price objective on shares of Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. BidaskClub upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $143.00.
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Nordson Company Profile
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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