Nordson (NASDAQ:NDSN) Updates Q1 Earnings Guidance

Nordson (NASDAQ:NDSN) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.95-$2.15 for the period, compared to the consensus estimate of $2.30. The company issued revenue guidance of $615-$655 million, compared to the consensus revenue estimate of $681.69 million. Nordson also updated its FY25 guidance to $9.70-$10.50 EPS.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their target price on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

Nordson Stock Down 1.3 %

Shares of NASDAQ NDSN traded down $3.32 during mid-day trading on Wednesday, hitting $249.55. The company had a trading volume of 526,376 shares, compared to its average volume of 234,474. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $255.25 and a two-hundred day simple moving average of $245.91. The company has a market capitalization of $14.27 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. Nordson has a one year low of $222.18 and a one year high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the previous year, the firm earned $2.46 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Nordson will post 9.55 EPS for the current year.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,629 shares of company stock worth $914,400. Insiders own 0.86% of the company’s stock.

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 three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.