Nordson Corporation (NDSN) reported quarterly earnings results on Monday, Aug-22-2016. The company said it had a profit of $1.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $1.33. The company posted revenue of $489.89 million in the period, compared to analysts expectations of $479.67 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.
Many Wall Street Analysts have commented on Nordson Corporation. Gabelli & Co Initiated Nordson Corporation on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $100.Nordson Corporation was Downgraded by Sidoti to ” Neutral” on May 31, 2016. Company shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $74 .
Nordson Corporation opened for trading at $90.74 and hit $92.31 on the upside on Friday, eventually ending the session at $92.2, with a gain of 1.15% or 1.05 points. The heightened volatility saw the trading volume jump to 2,89,532 shares. Company has a market cap of $5,260 M.
In a different news, on Jun 9, 2016, James E Devries (Vice President) sold 5,000 shares at $88.02 per share price. According to the SEC, on Jun 2, 2016, Robert E Veillette (VP, General Counsel & Sec) sold 6,500 shares at $87.78 per share price. On Jun 1, 2016, Jeffrey A Pembroke (Vice President) sold 2,600 shares at $89.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Nordson Corporation engineers manufactures and markets differentiated products and systems used to dispense apply and control adhesives coatings polymers sealants biomaterials and other fluids to test and inspect for quality and to treat and cure surfaces. The Company has three segments: Adhesive Dispensing Systems which delivers its precision dispensing and processing technology to diverse markets for applications that reduce material consumption increase line efficiency and enhance product strength durability brand and appearance; Advanced Technology Systems which integrates its product technologies found in progressive stages of a customer’s production process and Industrial Coating Systems which provides both standard and highly-customized equipment used for applying coatings paint finishes sealants and other materials and for curing and drying of dispensed material.