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

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

Northern Technologies International Price Performance

Shares of Northern Technologies International stock opened at $13.43 on Friday. The company has a 50 day simple moving average of $13.56 and a two-hundred day simple moving average of $13.32. The firm has a market cap of $127.18 million, a PE ratio of 24.42 and a beta of 0.62. Northern Technologies International has a 1 year low of $11.55 and a 1 year high of $19.63.

Northern Technologies International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is 50.91%.

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.