Nordson (NASDAQ:NDSN – Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.08, RTT News reports. The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.35 earnings per share. Nordson updated its FY24 guidance to $9.45-9.65 EPS.
Nordson Price Performance
Shares of NDSN stock traded up $1.37 during mid-day trading on Friday, hitting $257.40. 371,523 shares of the stock were exchanged, compared to its average volume of 244,761. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson has a 52-week low of $208.91 and a 52-week high of $279.38. The firm has a fifty day moving average of $236.15 and a 200 day moving average of $251.62. The company has a market cap of $14.74 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91.
Nordson Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a $0.78 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a yield of 1.21%. Nordson’s payout ratio is presently 37.19%.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on NDSN
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.
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