Wall Street analysts forecast that Nordson Co. (NASDAQ:NDSN) will post earnings of $1.42 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Nordson’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.34. Nordson posted earnings per share of $1.35 in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The business is expected to report its next quarterly earnings report on Monday, May 28th.
On average, analysts expect that Nordson will report full year earnings of $6.33 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.52. For the next financial year, analysts expect that the company will report earnings of $7.10 per share, with EPS estimates ranging from $6.96 to $7.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Nordson.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The firm had revenue of $550.42 million for the quarter, compared to analysts’ expectations of $538.21 million. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share.
A number of equities analysts have commented on NDSN shares. Robert W. Baird reissued a “neutral” rating on shares of Nordson in a research note on Friday, February 23rd. B. Riley set a $175.00 price objective on Nordson and gave the stock a “buy” rating in a research note on Friday, February 23rd. KeyCorp reissued a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. BidaskClub lowered Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Barrington Research reissued a “market perform” rating on shares of Nordson in a research note on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $154.30.
Nordson stock traded down $0.11 on Friday, reaching $136.71. The company’s stock had a trading volume of 168,736 shares, compared to its average volume of 240,092. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.07 and a current ratio of 1.52. The firm has a market cap of $7,931.82, a P/E ratio of 25.46, a P/E/G ratio of 1.62 and a beta of 1.28. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84.
In other news, VP James E. Devries sold 5,800 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total transaction of $863,388.00. Following the transaction, the vice president now owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael F. Hilton sold 55,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $138.18, for a total value of $7,599,900.00. Following the transaction, the chief executive officer now directly owns 241,274 shares in the company, valued at approximately $33,339,241.32. The disclosure for this sale can be found here. Insiders have sold 110,800 shares of company stock worth $15,318,788 in the last ninety days. 2.01% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Nordson by 0.9% during the fourth quarter. BlackRock Inc. now owns 4,311,022 shares of the industrial products company’s stock valued at $631,134,000 after acquiring an additional 38,879 shares during the period. Atlanta Capital Management Co. L L C increased its holdings in Nordson by 2.4% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,818,852 shares of the industrial products company’s stock valued at $266,280,000 after purchasing an additional 42,138 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Nordson by 0.8% in the fourth quarter. Champlain Investment Partners LLC now owns 974,340 shares of the industrial products company’s stock valued at $142,643,000 after purchasing an additional 7,555 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Nordson by 107.7% in the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock valued at $142,053,000 after purchasing an additional 503,093 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Nordson by 13.9% in the fourth quarter. Keybank National Association OH now owns 821,173 shares of the industrial products company’s stock valued at $120,220,000 after purchasing an additional 100,288 shares during the last quarter. 66.70% of the stock is currently owned by institutional investors and hedge funds.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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