Nordson (NASDAQ:NDSN) Releases Earnings Results

Nordson (NASDAQ:NDSN) posted its earnings results on Wednesday. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08, RTT News reports. The firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 earnings per share. Nordson updated its FY24 guidance to $9.45-9.65 EPS.

Nordson Price Performance

NDSN stock opened at $256.00 on Friday. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.97 and a beta of 0.91. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson has a 12-month low of $208.91 and a 12-month high of $279.38. The company’s fifty day simple moving average is $235.70 and its 200 day simple moving average is $251.58.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be issued a $0.78 dividend. This is a positive change from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.12 annualized dividend and a yield of 1.22%. Nordson’s payout ratio is presently 37.19%.

Analyst Ratings Changes

NDSN has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, DA Davidson cut their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average target price of $282.40.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.