Equities research analysts expect that Nordson Co. (NASDAQ:NDSN) will announce $588.12 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Nordson’s earnings, with the lowest sales estimate coming in at $564.00 million and the highest estimate coming in at $616.10 million. Nordson reported sales of $581.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The company is expected to issue its next earnings results on Monday, August 19th.
On average, analysts expect that Nordson will report full year sales of $2.24 billion for the current fiscal year, with estimates ranging from $2.18 billion to $2.27 billion. For the next year, analysts forecast that the company will report sales of $2.34 billion, with estimates ranging from $2.25 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nordson.
Nordson (NASDAQ:NDSN) last posted its earnings results on Monday, May 20th. The industrial products company reported $1.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.06). The business had revenue of $551.00 million for the quarter, compared to analyst estimates of $558.34 million. Nordson had a return on equity of 22.46% and a net margin of 14.64%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share.
Nordson stock traded down $1.10 during mid-day trading on Thursday, hitting $135.20. 6,823 shares of the company’s stock were exchanged, compared to its average volume of 133,670. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16. The firm has a market capitalization of $7.97 billion, a PE ratio of 22.76, a P/E/G ratio of 1.78 and a beta of 1.24. Nordson has a 1-year low of $110.16 and a 1-year high of $149.23. The business has a 50 day moving average price of $133.06.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, May 24th. Nordson’s dividend payout ratio is 23.57%.
In other news, CEO Michael F. Hilton sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $128.06, for a total transaction of $768,360.00. Following the completion of the sale, the chief executive officer now 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 SEC, which is accessible through this link. Also, Director Mary G. Puma sold 998 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total transaction of $127,624.24. The disclosure for this sale can be found here. 1.97% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in shares of Nordson by 2.3% in the third quarter. Vanguard Group Inc now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after purchasing an additional 113,574 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Nordson by 0.5% in the first quarter. BlackRock Inc. now owns 4,728,018 shares of the industrial products company’s stock valued at $626,557,000 after purchasing an additional 22,637 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of 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 valued at $175,985,000 after purchasing an additional 24,220 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Nordson by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,223,886 shares of the industrial products company’s stock valued at $162,189,000 after purchasing an additional 17,044 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Nordson by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 875,191 shares of the industrial products company’s stock valued at $104,454,000 after purchasing an additional 13,699 shares in the last quarter. 68.91% of the stock is owned by institutional investors.
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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