Nordson (NASDAQ:NDSN) Issues Q1 Earnings Guidance

Nordson (NASDAQ:NDSN) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.95-$2.15 for the period, compared to the consensus earnings per share 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.

Nordson Stock Performance

Shares of NASDAQ:NDSN traded down $3.32 on Wednesday, hitting $249.55. The company had a trading volume of 521,234 shares, compared to its average volume of 234,452. Nordson has a 1-year low of $222.18 and a 1-year high of $279.38. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.89 and a beta of 0.90. The stock has a 50 day moving average price of $255.25 and a 200 day moving average price of $245.91. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

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

Analyst Ratings Changes

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

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 3,629 shares of company stock worth $914,400. Corporate 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.