Northern Technologies International (NASDAQ:NTIC) Announces Earnings Results, Misses Expectations By $0.05 EPS

Northern Technologies International (NASDAQ:NTIC) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a net margin of 6.36% and a return on equity of 8.03%.

Northern Technologies International Price Performance

Shares of Northern Technologies International stock opened at $13.43 on Thursday. The stock has a market capitalization of $127.18 million, a price-to-earnings ratio of 24.42 and a beta of 0.62. The firm’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $13.32. Northern Technologies International has a 12 month low of $11.55 and a 12 month high of $19.63.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. Northern Technologies International’s dividend payout ratio (DPR) is presently 50.91%.

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.