Nordson (NASDAQ:NDSN) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

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%.

NDSN has been the subject of a number of research analyst reports. Wells Fargo & Co increased their price objective on shares of Nordson from $160.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer initiated coverage on shares of Nordson in a research report on Wednesday, February 19th. They set a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of Nordson in a research report on Friday, April 17th. They set a “buy” rating and a $170.00 price objective for the company. BidaskClub raised shares of Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Robert W. Baird increased their price objective on shares of Nordson from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $181.14.

About Nordson

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.

See Also: Terms to Better Understand Call Options

Earnings History for Nordson (NASDAQ:NDSN)

Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.