Nordson (NDSN) Posts Earnings Results, Misses Expectations By $0.06 EPS

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Nordson (NASDAQ:NDSN) issued its quarterly earnings results on Monday. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.06), RTT News reports. The firm had revenue of $551.00 million during the quarter, compared to analyst estimates of $558.34 million. Nordson had a return on equity of 23.01% and a net margin of 14.59%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share.

NASDAQ NDSN traded down $4.64 on Monday, reaching $130.59. 469,561 shares of the company were exchanged, compared to its average volume of 221,554. The firm has a market capitalization of $7.49 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.84 and a current ratio of 2.67. Nordson has a fifty-two week low of $110.16 and a fifty-two week high of $149.23.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, May 24th. Nordson’s dividend payout ratio (DPR) is currently 23.57%.

NDSN has been the topic of a number of recent research reports. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. ValuEngine lowered Nordson from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Oppenheimer boosted their price objective on Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $143.00.

In other Nordson news, VP Gina A. Beredo sold 700 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $137.26, for a total transaction of $96,082.00. Following the transaction, the vice president now owns 6,208 shares of the company’s stock, valued at $852,110.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Keane sold 43,900 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $132.69, for a total value of $5,825,091.00. The disclosure for this sale can be found here. Insiders have sold 73,560 shares of company stock worth $9,831,639 in the last three months. 1.97% of the stock is currently owned by corporate insiders.

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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.

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Earnings History for Nordson (NASDAQ:NDSN)

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