Nordson (NASDAQ: NDSN) issued its quarterly earnings data on Thursday. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.06. The company had revenue of $347.04 million for the quarter, compared to the consensus estimate of $348.93 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Nordson updated its Q2 guidance to $0.78-0.87 EPS.
A number of research firms have also recently commented on NDSN. Analysts at Wellington Shields initiated coverage on shares of Nordson in a research note to investors on Tuesday, February 5th. They set an “accumulate” rating on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Nordson in a research note to investors on Monday, December 17th. They now have a $70.00 price target on the stock.
Three analysts have rated the stock with a buy rating, one has issued an overweight rating, and six have given a hold rating to the stock. The stock presently has an average rating of “overweight” and a consensus price target of $71.57.
Nordson (NDSN) traded down 2.75% on Thursday, hitting $66.86. Nordson (NDSN) has a 52-week low of $47.82 and a 52-week high of $70.84. The stock’s 50-day moving average is currently $67.25. The company has a market cap of $4.301 billion and a price-to-earnings ratio of 19.93.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 12th. Stockholders of record on Tuesday, February 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, February 22nd.
Nordson Corporation is engaged in manufacturing of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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