Nordson Corporation (NASDAQ:NDSN) – Research analysts at FBR & Co issued their FY2017 earnings per share (EPS) estimates for Nordson Corporation in a report issued on Tuesday. FBR & Co analyst L. Burke anticipates that the industrial products company will post earnings of $5.24 per share for the year. FBR & Co has a “Outperform” rating on the stock. FBR & Co also issued estimates for Nordson Corporation’s FY2018 earnings at $5.80 EPS.
Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The company had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. During the same period in the previous year, the firm posted $1.23 earnings per share. Nordson Corporation’s quarterly revenue was up 13.4% compared to the same quarter last year.
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Several other brokerages have also recently weighed in on NDSN. Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $115.50.
Nordson Corporation (NASDAQ:NDSN) opened at 122.09 on Friday. Nordson Corporation has a 12 month low of $84.58 and a 12 month high of $131.49. The stock’s 50 day moving average price is $120.89 and its 200 day moving average price is $119.48. The firm has a market capitalization of $7.04 billion, a P/E ratio of 25.74 and a beta of 1.34.
Several hedge funds have recently added to or reduced their stakes in NDSN. BlackRock Inc. boosted its stake in Nordson Corporation by 6,982.3% in the first quarter. BlackRock Inc. now owns 4,380,454 shares of the industrial products company’s stock valued at $538,093,000 after buying an additional 4,318,603 shares during the period. Norges Bank bought a new stake in Nordson Corporation during the fourth quarter valued at approximately $48,867,000. FMR LLC bought a new stake in Nordson Corporation during the first quarter valued at approximately $44,110,000. Vanguard Group Inc. boosted its stake in Nordson Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,396,104 shares of the industrial products company’s stock valued at $540,018,000 after buying an additional 251,861 shares during the period. Finally, Columbus Circle Investors bought a new stake in Nordson Corporation during the first quarter valued at approximately $10,105,000. 65.98% of the stock is currently owned by institutional investors and hedge funds.
About Nordson Corporation
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.
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