Nordson (NDSN) to Release Earnings on Wednesday

Nordson (NASDAQ:NDSN) will be issuing its quarterly earnings results after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $2.33 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The firm had revenue of $650.64 million during the quarter, compared to analysts’ expectations of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.26 earnings per share. On average, analysts expect Nordson to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Nordson Price Performance

Shares of NDSN opened at $239.65 on Tuesday. The firm has a market capitalization of $13.72 billion, a PE ratio of 28.56, a PEG ratio of 1.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38. The company’s 50-day moving average is $235.13 and its 200-day moving average is $251.73. Nordson has a fifty-two week low of $208.91 and a fifty-two week high of $279.38.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a $0.78 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, August 27th. Nordson’s dividend payout ratio is currently 37.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, DA Davidson dropped their target price on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $279.40.

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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.