Earnings results for Nordson Stock Forecast, Price & News (NASDAQ:NDSN)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from 1.32 to 1.34(1.52%) and increased over the past month from 1.32 to 1.34(1.52%). Of the 1 analysts making quarterly forecasts, 1raised and none lowered their forecast. For the fiscal year ending Oct 2020 , the consensus EPS* forecast has increased over the past week from 5.38 to 5.41(0.56%) and remained the same over the past month at 5.38 . Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.
Nordson last released its earnings data on May 20th, 2020. The industrial products company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.32. The firm earned $529 million during the quarter, compared to analysts’ expectations of $496.38 million. Its quarterly revenue was down 4.0% on a year-over-year basis. Nordson has generated $5.87 earnings per share over the last year and currently has a price-to-earnings ratio of 35.2. Nordson has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.
Analyst Opinion on Nordson Stock Forecast, Price & News (NASDAQ:NDSN)
7 Wall Street analysts have issued ratings and price targets for Nordson in the last 12 months. Their average twelve-month price target is $187.67, predicting that the stock has a possible downside of 8.75%. The high price target for NDSN is $231.00 and the low price target for NDSN is $155.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Nordson has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $187.67, Nordson has a forecasted downside of 8.7% from its current price of $205.66. Nordson has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Nordson Stock Forecast, Price & News (NASDAQ:NDSN)
Nordson has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends. Nordson has been increasing its dividend for 11 years. The dividend payout ratio of Nordson is 25.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nordson will have a dividend payout ratio of 23.79% next year. This indicates that Nordson will be able to sustain or increase its dividend.
Insiders buying/selling: Nordson Stock Forecast, Price & News (NASDAQ:NDSN)
In the past three months, Nordson insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,100,357.00 in company stock. Only 2.01% of the stock of Nordson is held by insiders. 69.13% of the stock of Nordson is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Nordson Stock Forecast, Price & News (NASDAQ:NDSN
Earnings for Nordson are expected to grow by 18.11% in the coming year, from $5.41 to $6.39 per share. The P/E ratio of Nordson is 35.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of Nordson is 35.16, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.35. Nordson has a PEG Ratio of 2.94. PEG Ratios above 1 indicate that a company could be overvalued. Nordson has a P/B Ratio of 7.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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