Analysts Expect Nordson Co. (NDSN) Will Announce Quarterly Sales of $550.07 Million

Equities research analysts expect Nordson Co. (NASDAQ:NDSN) to report sales of $550.07 million for the current quarter, according to Zacks. Nine analysts have provided estimates for Nordson’s earnings, with the lowest sales estimate coming in at $541.50 million and the highest estimate coming in at $555.70 million. Nordson reported sales of $496.14 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.9%. The company is scheduled to issue its next quarterly earnings report on Monday, May 28th.

On average, analysts expect that Nordson will report full year sales of $550.07 million for the current year, with estimates ranging from $2.29 billion to $2.35 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.42 billion per share, with estimates ranging from $2.38 billion to $2.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Nordson.

How to Become a New Pot Stock Millionaire

Nordson (NASDAQ:NDSN) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to the consensus estimate of $538.21 million. Nordson had a net margin of 15.85% and a return on equity of 30.41%. Nordson’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share.

A number of equities research analysts recently weighed in on NDSN shares. SunTrust Banks raised their target price on shares of Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley set a $175.00 price target on shares of Nordson and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, KeyCorp reissued a “buy” rating and set a $165.00 price target (up from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $152.40.

NDSN traded down $2.38 on Friday, reaching $133.96. The company had a trading volume of 15,268 shares, compared to its average volume of 242,228. The company has a market capitalization of $7,903.99, a P/E ratio of 23.27, a P/E/G ratio of 1.61 and a beta of 1.28. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.52 and a quick ratio of 1.07. Nordson has a 52-week low of $107.16 and a 52-week high of $151.84.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, February 16th. Nordson’s dividend payout ratio is 22.35%.

In other news, CEO Michael F. Hilton sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $137.11, for a total value of $6,855,500.00. Following the transaction, the chief executive officer now owns 225,774 shares in the company, valued at $30,955,873.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory A. Thaxton sold 3,868 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $148.28, for a total transaction of $573,547.04. The disclosure for this sale can be found here. Insiders sold 188,003 shares of company stock worth $26,852,329 in the last 90 days. Company insiders own 2.01% of the company’s stock.

Institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in Nordson by 1.1% in the third quarter. New York State Common Retirement Fund now owns 187,437 shares of the industrial products company’s stock valued at $22,211,000 after acquiring an additional 2,000 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,507 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Nordson by 10.3% in the third quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock valued at $589,000 after acquiring an additional 464 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Nordson by 40.7% in the third quarter. Macquarie Group Ltd. now owns 24,625 shares of the industrial products company’s stock valued at $2,918,000 after acquiring an additional 7,125 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Nordson by 8.0% in the third quarter. Legal & General Group Plc now owns 53,700 shares of the industrial products company’s stock valued at $6,364,000 after acquiring an additional 3,962 shares in the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Analysts Expect Nordson Co. (NDSN) Will Announce Quarterly Sales of $550.07 Million” was first published by WKRB News and is owned by of WKRB News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.wkrb13.com/2018/04/02/analysts-expect-nordson-co-ndsn-will-announce-quarterly-sales-of-550-07-million.html.

About Nordson

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.

Get a free copy of the Zacks research report on Nordson (NDSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.

Leave a Reply