Northern Technologies International (NTIC) Set to Announce Earnings on Thursday

Northern Technologies International (NASDAQ:NTIC) will be issuing its quarterly earnings data before the market opens on Thursday, July 11th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Northern Technologies International (NASDAQ:NTIC) last released its earnings results on Thursday, April 11th. The specialty chemicals company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Northern Technologies International had a return on equity of 6.68% and a net margin of 6.12%. The business had revenue of $20.84 million during the quarter, compared to the consensus estimate of $21.20 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 Trading Up 0.1 %

NASDAQ:NTIC opened at $16.49 on Thursday. Northern Technologies International has a twelve month low of $10.08 and a twelve month high of $19.63. The company has a market cap of $155.47 million, a price-to-earnings ratio of 31.71 and a beta of 0.62. The stock has a fifty day simple moving average of $17.61 and a 200-day simple moving average of $14.74.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.70%. Northern Technologies International’s dividend payout ratio (DPR) is 53.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com upgraded Northern Technologies International from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. Northland Securities lifted their price objective on Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 12th.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.