Zacks: Analysts Expect Nordson Co. (NASDAQ:NDSN) Will Announce Quarterly Sales of $601.25 Million
Equities research analysts expect that Nordson Co. (NASDAQ:NDSN) will announce $601.25 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Nordson’s earnings, with the lowest sales estimate coming in at $566.30 million and the highest estimate coming in at $615.00 million. Nordson reported sales of $569.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is expected to announce its next earnings results on Wednesday, December 11th.
According to Zacks, analysts expect that Nordson will report full-year sales of $0.00 for the current financial year. For the next fiscal year, analysts anticipate that the firm will report sales of $2.34 billion, with estimates ranging from $2.25 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Nordson.
Nordson (NASDAQ:NDSN) last announced its earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.18). Nordson had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $559.75 million for the quarter, compared to analyst estimates of $587.74 million. During the same period last year, the firm earned $1.60 earnings per share. Nordson’s revenue for the quarter was down 3.7% compared to the same quarter last year.
NASDAQ:NDSN traded up $0.40 during trading hours on Monday, hitting $133.46. 1,962 shares of the stock traded hands, compared to its average volume of 170,208. The firm has a 50 day moving average price of $137.93 and a 200 day moving average price of $136.63. The company has a current ratio of 2.16, a quick ratio of 1.53 and a debt-to-equity ratio of 0.83. Nordson has a fifty-two week low of $110.16 and a fifty-two week high of $149.23. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.36 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from Nordson’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.14%. Nordson’s dividend payout ratio is 23.57%.
In other news, CEO Michael F. Hilton sold 6,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $128.06, for a total value of $768,360.00. Following the transaction, the chief executive officer now directly owns 224,455 shares of the company’s stock, valued at $28,743,707.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Stockunas sold 1,497 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $140.49, for a total transaction of $210,313.53. The disclosure for this sale can be found here. Insiders sold 14,106 shares of company stock worth $1,887,961 over the last ninety days. 1.97% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Nordson by 5.5% in the second quarter. BlackRock Inc. now owns 4,990,403 shares of the industrial products company’s stock worth $705,194,000 after acquiring an additional 262,385 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in shares of Nordson by 0.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,581,120 shares of the industrial products company’s stock worth $223,428,000 after acquiring an additional 7,343 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in Nordson by 1.9% in the first quarter. Champlain Investment Partners LLC now owns 1,327,985 shares of the industrial products company’s stock worth $175,985,000 after purchasing an additional 24,220 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Nordson by 0.9% in the second quarter. Janus Henderson Group PLC now owns 1,234,900 shares of the industrial products company’s stock worth $174,504,000 after purchasing an additional 11,014 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Nordson by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 706,673 shares of the industrial products company’s stock worth $99,860,000 after purchasing an additional 10,102 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.
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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