Northern Technologies International (NTIC) Scheduled to Post Quarterly Earnings on Thursday

Northern Technologies International (NASDAQ:NTIC) will issue 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 wish to listen to the company’s conference call can do so using this link.

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

Shares of NASDAQ:NTIC opened at $15.83 on Wednesday. The business’s 50 day simple moving average is $17.50 and its two-hundred day simple moving average is $14.88. The firm has a market cap of $149.28 million, a P/E ratio of 30.44 and a beta of 0.62. Northern Technologies International has a 52-week low of $10.08 and a 52-week high of $19.63.

Northern Technologies International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.07 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.77%. Northern Technologies International’s dividend payout ratio is presently 53.85%.

Wall Street Analysts Forecast Growth

NTIC has been the topic of a number of recent research reports. StockNews.com upgraded Northern Technologies International from a “hold” rating to a “buy” rating in a report on Monday, June 24th. Northland Securities raised their target price on Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 12th.

About Northern Technologies International

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.