Wall Street analysts expect that Nordson Co. (NASDAQ:NDSN) will announce $562.85 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Nordson’s earnings. The highest sales estimate is $569.20 million and the lowest is $556.30 million. Nordson reported sales of $573.94 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to announce its next quarterly earnings report on Wednesday, December 12th.
According to Zacks, analysts expect that Nordson will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.24 billion to $2.25 billion. For the next financial year, analysts expect that the company will report sales of $2.31 billion per share, with estimates ranging from $2.26 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Nordson.
Nordson (NASDAQ:NDSN) last released its earnings results on Monday, August 20th. The industrial products company reported $1.60 EPS for the quarter, hitting the consensus estimate of $1.60. Nordson had a return on equity of 26.37% and a net margin of 16.40%. The business had revenue of $581.20 million during the quarter, compared to analysts’ expectations of $590.75 million. During the same quarter last year, the firm posted $1.74 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis.
NASDAQ NDSN traded down $0.85 during trading hours on Wednesday, hitting $144.42. 164,800 shares of the company’s stock were exchanged, compared to its average volume of 228,707. Nordson has a 1-year low of $117.02 and a 1-year high of $151.84. The stock has a market capitalization of $8.45 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.36.
Nordson announced that its Board of Directors has approved a share buyback plan on Tuesday, September 11th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, August 20th. This is a boost from Nordson’s previous quarterly dividend of $0.30. Nordson’s dividend payout ratio (DPR) is 78.21%.
In other Nordson news, Director Mary G. Puma sold 2,983 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $145.44, for a total value of $433,847.52. Following the completion of the sale, the director now owns 18,799 shares of the company’s stock, valued at $2,734,126.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.01% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in Nordson by 3.5% in the first quarter. Thrivent Financial for Lutherans now owns 11,519 shares of the industrial products company’s stock valued at $1,570,000 after acquiring an additional 385 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Nordson by 18.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,580 shares of the industrial products company’s stock valued at $332,000 after buying an additional 398 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Nordson by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the industrial products company’s stock valued at $1,772,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Nordson by 1.9% during the second quarter. Bank of Montreal Can now owns 23,083 shares of the industrial products company’s stock valued at $2,965,000 after buying an additional 426 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of Nordson by 17.2% during the second quarter. Diversified Trust Co now owns 2,919 shares of the industrial products company’s stock valued at $375,000 after buying an additional 428 shares during the last quarter. 68.81% of the stock is owned by hedge funds and other institutional investors.
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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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