Nordson (NASDAQ:NDSN) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.32, MarketWatch Earnings reports. The business had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $496.38 million. Nordson had a net margin of 15.70% and a return on equity of 21.32%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS.
Shares of NDSN stock opened at $174.15 on Friday. The company has a quick ratio of 1.85, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. Nordson has a 52 week low of $96.46 and a 52 week high of $180.28. The stock has a market capitalization of $10.15 billion, a PE ratio of 29.77, a P/E/G ratio of 2.53 and a beta of 1.19. The firm has a 50 day moving average of $154.55 and a two-hundred day moving average of $157.62.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be given a $0.38 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.52 annualized dividend and a yield of 0.87%. Nordson’s dividend payout ratio is presently 25.89%.
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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