Northern Technologies International (NTIC) Scheduled to Post … – MarketBeat
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Northern Technologies International (NASDAQ:NTIC – Get Rating) is set to post its quarterly earnings results on Wednesday, January 4th.
Northern Technologies International (NASDAQ:NTIC – Get Rating) last released its quarterly earnings data on Monday, November 14th. The specialty chemicals company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Northern Technologies International had a return on equity of 4.41% and a net margin of 8.53%. The firm had revenue of $20.25 million during the quarter, compared to analyst estimates of $19.50 million. On average, analysts expect Northern Technologies International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Northern Technologies International Stock Down 2.1 %
NTIC stock opened at $13.31 on Tuesday. Northern Technologies International has a fifty-two week low of $9.05 and a fifty-two week high of $15.83. The firm’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $11.97. The stock has a market cap of $124.71 million, a PE ratio of 20.17 and a beta of 0.87.
Northern Technologies International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Thursday, November 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.10%. Northern Technologies International’s dividend payout ratio (DPR) is presently 42.42%.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Northern Technologies International in a research note on Thursday, December 15th. They set a “hold” rating on the stock. Northland Securities raised their target price on shares of Northern Technologies International to $21.00 in a research note on Thursday, November 17th. Finally, TheStreet cut shares of Northern Technologies International from a “b” rating to a “c+” rating in a research note on Monday, November 14th.
Hedge Funds Weigh In On Northern Technologies International
Several large investors have recently bought and sold shares of NTIC. Salem Investment Counselors Inc. grew its stake in shares of Northern Technologies International by 234.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 2,600 shares during the last quarter. State Street Corp grew its stake in shares of Northern Technologies International by 15.0% in the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock worth $231,000 after purchasing an additional 2,512 shares during the last quarter. Finally, Meros Investment Management LP grew its stake in shares of Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock worth $2,481,000 after purchasing an additional 14,119 shares during the last quarter. Institutional investors and hedge funds own 34.42% of the company’s stock.
About Northern Technologies International
(Get Rating)
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
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