Northern Technologies International (NASDAQ:NTIC) Releases Earnings Results, Misses Estimates By $0.05 EPS

Northern Technologies International (NASDAQ:NTIC) posted its earnings results on Wednesday. The specialty chemicals company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a net margin of 6.36% and a return on equity of 8.03%.

Northern Technologies International Stock Up 3.7 %

NTIC stock opened at $13.43 on Thursday. The business has a 50 day moving average price of $13.55 and a 200 day moving average price of $13.32. The stock has a market cap of $127.18 million, a price-to-earnings ratio of 24.42 and a beta of 0.62. Northern Technologies International has a fifty-two week low of $11.55 and a fifty-two week high of $19.63.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is presently 50.91%.

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.