Nordson Co. (NASDAQ:NDSN) Expected to Post Quarterly Sales of $588.12 Million
Wall Street analysts forecast that Nordson Co. (NASDAQ:NDSN) will announce sales of $588.12 million for the current quarter, Zacks reports. Six analysts have provided estimates for Nordson’s earnings, with the highest sales estimate coming in at $616.10 million and the lowest estimate coming in at $564.00 million. Nordson posted sales of $581.24 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, August 20th.
According to Zacks, analysts expect that Nordson will report full-year sales of $2.24 billion for the current financial year, with estimates ranging from $2.18 billion to $2.27 billion. For the next year, analysts forecast that the firm will post sales of $2.34 billion, with estimates ranging from $2.25 billion to $2.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Nordson.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.06). Nordson had a return on equity of 22.46% and a net margin of 14.64%. The company had revenue of $551.00 million for the quarter, compared to analyst estimates of $558.34 million. During the same period in the prior year, the business earned $0.15 earnings per share. Nordson’s revenue for the quarter was down .5% compared to the same quarter last year.
In other news, insider Jeffrey A. Pembroke sold 3,200 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $140.19, for a total value of $448,608.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary G. Puma sold 998 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $127.88, for a total value of $127,624.24. The disclosure for this sale can be found here. Insiders sold 12,609 shares of company stock valued at $1,677,648 in the last quarter. 1.97% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in NDSN. CX Institutional purchased a new position in shares of Nordson in the first quarter valued at $30,000. Cordasco Financial Network purchased a new position in shares of Nordson in the first quarter valued at $30,000. Zions Bancorporation N.A. purchased a new position in shares of Nordson in the first quarter valued at $43,000. Icon Wealth Partners LLC purchased a new position in shares of Nordson in the first quarter valued at $56,000. Finally, Bremer Bank National Association purchased a new position in shares of Nordson in the first quarter valued at $78,000. Institutional investors and hedge funds own 68.78% of the company’s stock.
Shares of NASDAQ NDSN traded up $1.48 during mid-day trading on Friday, hitting $141.19. 1,783 shares of the company were exchanged, compared to its average volume of 114,958. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16. The business’s 50 day moving average is $137.25. Nordson has a 1-year low of $110.16 and a 1-year high of $149.23. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24.
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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