Nordson Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Nordson Corporation NDSN is set to release earnings results for its second quarter after the closing bell on May 20

Analysts expect the Westlake, Ohio-based company to report quarterly earnings at $2.31 per share, up from $2.26 per share in the year-ago period. Nordson is projected to report quarterly revenue of $661.41 million, according to data from Benzinga Pro.

Nordson announced the appointment of Daniel Hopgood as Executive Vice President and Chief Financial Officer, effective May 20.

Nordson shares rose 0.4% to close at $271.65 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• DA Davidson analyst Matt Summerville maintained a Buy rating and raised the price target from $290 to $315 on Feb. 27. This analyst has an accuracy rate of 76%.
• Keybanc analyst Jeffrey Hammond downgraded the stock from Overweight to Sector Weight on Feb. 26. This analyst has an accuracy rate of 75%.
• Wells Fargo analyst Allison Poliniak Cusic maintained an Overweight rating and raised the price target from $290 to $315 on Feb. 23. This analyst has an accuracy rate of 70%.
• Baird analyst Michael Halloran maintained an Outperform rating and boosted the price target from $251 to $253 on Aug. 23, 2023. This analyst has an accuracy rate of 77%.
• Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $250 to $225 on March 21, 2023. This analyst has an accuracy rate of 78%.

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