FY2019 EPS Estimates for Nordson Co. (NDSN) Lowered by Analyst
Nordson Co. (NASDAQ:NDSN) – Research analysts at Seaport Global Securities dropped their FY2019 earnings per share (EPS) estimates for Nordson in a report issued on Tuesday, May 21st. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $6.00 per share for the year, down from their prior forecast of $6.35.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.06). The business had revenue of $551.00 million for the quarter, compared to analyst estimates of $558.34 million. Nordson had a return on equity of 22.46% and a net margin of 14.64%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share.
NASDAQ:NDSN opened at $127.97 on Thursday. The stock has a market cap of $7.34 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14. Nordson has a 1 year low of $110.16 and a 1 year high of $149.23. The company has a quick ratio of 1.84, a current ratio of 2.16 and a debt-to-equity ratio of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a $0.35 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.09%. Nordson’s dividend payout ratio (DPR) is presently 23.57%.
In related news, CEO Michael F. Hilton sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $137.98, for a total value of $551,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shelly Peet sold 11,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the sale, the insider now directly owns 29,296 shares of the company’s stock, valued at $3,901,055.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,560 shares of company stock valued at $9,831,639. Insiders own 1.97% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional acquired a new stake in shares of Nordson in the 1st quarter valued at about $30,000. Cordasco Financial Network acquired a new stake in Nordson during the 1st quarter worth approximately $30,000. Doyle Wealth Management acquired a new stake in Nordson during the 4th quarter worth approximately $30,000. Penserra Capital Management LLC acquired a new stake in Nordson during the 4th quarter worth approximately $36,000. Finally, Zions Bancorporation N.A. acquired a new stake in Nordson during the 1st quarter worth approximately $43,000. 69.66% of the stock is owned by hedge funds and other institutional investors.
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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