Equities research analysts forecast that Nordson Corporation (NASDAQ:NDSN) will report sales of $575.60 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Nordson Corporation’s earnings, with estimates ranging from $566.00 million to $579.20 million. Nordson Corporation reported sales of $489.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.5%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, August 21st.
According to Zacks, analysts expect that Nordson Corporation will report full year sales of $575.60 million for the current fiscal year, with estimates ranging from $1.99 billion to $2.06 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.17 billion per share, with estimates ranging from $2.11 billion to $2.21 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nordson Corporation.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The business had revenue of $496.14 million for the quarter, compared to analyst estimates of $470.12 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Nordson Corporation’s revenue was up 13.4% compared to the same quarter last year.
Several research firms have recently commented on NDSN. BidaskClub raised Nordson Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. FBR & Co reissued an “outperform” rating on shares of Nordson Corporation in a report on Tuesday, July 11th. Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Wells Fargo & Company reissued a “market perform” rating and issued a $130.00 price objective (up previously from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Finally, Zacks Investment Research downgraded Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $115.50.
Shares of Nordson Corporation (NASDAQ NDSN) traded down 0.69% during trading on Thursday, reaching $127.54. 45,126 shares of the company were exchanged. Nordson Corporation has a one year low of $89.87 and a one year high of $131.49. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 26.88 and a beta of 1.35. The company has a 50 day moving average price of $123.52 and a 200-day moving average price of $121.84.
Large investors have recently bought and sold shares of the company. Financial Architects Inc increased its stake in Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in Nordson Corporation during the first quarter worth $126,000. IFP Advisors Inc increased its stake in Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares in the last quarter. Sapphire Star Partners LP purchased a new stake in Nordson Corporation during the first quarter worth $204,000. Finally, Opus Capital Group LLC purchased a new stake in Nordson Corporation during the second quarter worth $208,000. 65.92% of the stock is owned by institutional investors.
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Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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