Northern Technologies International (NASDAQ:NTIC) Announces Earnings Results

Northern Technologies International (NASDAQ:NTIC) posted its quarterly earnings data on Thursday. The specialty chemicals company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09), Zacks reports. Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. The business had revenue of $19.07 million during the quarter, compared to the consensus estimate of $20.20 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

Northern Technologies International Trading Down 0.3 %

NTIC opened at $7.68 on Friday. Northern Technologies International has a 1-year low of $7.67 and a 1-year high of $19.63. The business has a 50 day moving average of $10.82 and a 200-day moving average of $12.27. The stock has a market capitalization of $72.73 million, a price-to-earnings ratio of 14.77 and a beta of 0.26.

Northern Technologies International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.65%. Northern Technologies International’s dividend payout ratio (DPR) is presently 71.79%.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.