Nordson (NASDAQ:NDSN – Get Free Report) 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
Check Out Our Latest Stock Analysis on NDSN
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.
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