Nordson (NDSN) to Release Quarterly Earnings on Wednesday

Nordson (NASDAQ:NDSN - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $2.08 per share and revenue of $639.40 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the previous year, the firm earned $2.46 EPS. The company's quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts expect Nordson to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Nordson Stock Down 0.4 %

Shares of Nordson stock traded down $0.86 on Friday, reaching $216.42. The stock had a trading volume of 299,621 shares, compared to its average volume of 351,441. The company has a 50 day moving average price of $216.37 and a 200 day moving average price of $239.69. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market capitalization of $12.36 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.62 and a beta of 0.95.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson's dividend payout ratio (DPR) is presently 38.47%.

Analysts Set New Price Targets

A number of analysts recently commented on NDSN shares. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and lifted their target price for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.25.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares of the company's stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 1,703 shares of company stock worth $374,069. Company insiders own 0.80% of the company's stock.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.