Nordson (NASDAQ:NDSN) Posts Earnings Results, Beats Estimates By $0.19 EPS

Nordson (NASDAQ:NDSN) posted its quarterly earnings results on Wednesday. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19, Briefing.com reports. The business had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS. Nordson updated its Q1 guidance to $1.95-$2.15 EPS and its FY25 guidance to $9.70-$10.50 EPS.

Nordson Price Performance

Nordson stock traded down $3.32 during mid-day trading on Wednesday, reaching $249.55. 526,376 shares of the company’s stock traded hands, compared to its average volume of 234,474. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson has a 12-month low of $222.18 and a 12-month high of $279.38. The stock has a 50 day moving average of $255.25 and a two-hundred day moving average of $245.91. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.89 and a beta of 0.90.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $299.00.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,629 shares of company stock worth $914,400. Corporate insiders own 0.86% of the company’s stock.

About Nordson

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.