Nordson (NASDAQ:NDSN) Updates FY 2021 Earnings Guidance

Nordson (NASDAQ:NDSN) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.200-7.500 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.620. The company issued revenue guidance of $2.29 billion-2.33 billion, compared to the consensus revenue estimate of $2.24 billion.

NASDAQ:NDSN traded up $0.20 during trading hours on Thursday, hitting $218.10. The company’s stock had a trading volume of 333,588 shares, compared to its average volume of 245,804. The company has a 50-day moving average price of $213.17. The firm has a market capitalization of $12.67 billion, a P/E ratio of 41.78, a PEG ratio of 2.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.46 and a quick ratio of 1.70. Nordson has a 52-week low of $178.60 and a 52-week high of $224.88.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Sunday, May 23rd. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.48. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $546.77 million. Nordson had a return on equity of 20.60% and a net margin of 13.88%. Nordson’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 earnings per share. On average, research analysts anticipate that Nordson will post 7.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 8th. Shareholders of record on Tuesday, May 25th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, May 24th. Nordson’s payout ratio is 28.47%.

NDSN has been the topic of several research reports. Seaport Res Ptn reissued a neutral rating on shares of Nordson in a report on Tuesday, May 25th. Morgan Stanley upped their target price on Nordson from $220.00 to $230.00 and gave the company an equal weight rating in a report on Wednesday, May 26th. Wells Fargo & Company upped their target price on Nordson from $230.00 to $245.00 and gave the company an overweight rating in a report on Wednesday, May 26th. Zacks Investment Research raised Nordson from a hold rating to a buy rating and set a $235.00 target price on the stock in a report on Friday, May 28th. Finally, DA Davidson upped their target price on Nordson from $235.00 to $250.00 and gave the company a buy rating in a report on Wednesday, May 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Nordson presently has an average rating of Buy and a consensus price target of $240.00.

In related news, VP Gina A. Beredo sold 9,293 shares of the stock in a transaction on Wednesday, May 26th. The stock was sold at an average price of $214.18, for a total transaction of $1,990,374.74. Following the sale, the vice president now owns 8,915 shares of the company’s stock, valued at $1,909,414.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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