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

Northern Technologies International (NASDAQ:NTIC - Get Free Report) will announce its earnings results before the market opens on Thursday, April 11th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Northern Technologies International (NASDAQ:NTIC - Get Free Report) last released its quarterly earnings results on Thursday, January 11th. The specialty chemicals company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $20.18 million during the quarter, compared to analysts' expectations of $21.00 million. Northern Technologies International had a return on equity of 5.60% and a net margin of 5.30%. During the same quarter in the prior year, the business posted $0.06 EPS. 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 Up 0.4 %

NTIC traded up $0.05 on Friday, hitting $11.80. The company had a trading volume of 43,328 shares, compared to its average volume of 12,070. The company has a market cap of $111.27 million, a PE ratio of 26.71 and a beta of 0.73. Northern Technologies International has a 12-month low of $10.08 and a 12-month high of $14.97. The business's fifty day simple moving average is $13.52 and its 200 day simple moving average is $12.56.

Northern Technologies International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a $0.07 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.28 annualized dividend and a yield of 2.37%. Northern Technologies International's dividend payout ratio is currently 63.64%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in shares of Northern Technologies International by 9.9% during the second quarter. Renaissance Technologies LLC now owns 95,677 shares of the specialty chemicals company's stock valued at $1,025,000 after buying an additional 8,600 shares during the period. Geode Capital Management LLC raised its stake in shares of Northern Technologies International by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company's stock valued at $848,000 after acquiring an additional 977 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Northern Technologies International during the second quarter valued at approximately $528,000. BlackRock Inc. raised its stake in shares of Northern Technologies International by 8.2% during the second quarter. BlackRock Inc. now owns 31,947 shares of the specialty chemicals company's stock valued at $342,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Northern Technologies International by 6.9% during the second quarter. Stifel Financial Corp now owns 30,610 shares of the specialty chemicals company's stock valued at $328,000 after acquiring an additional 1,966 shares in the last quarter. Hedge funds and other institutional investors own 32.88% of the company's stock.

Analyst Ratings Changes

NTIC has been the subject of several recent research reports. TheStreet upgraded Northern Technologies International from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. StockNews.com upgraded Northern Technologies International from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th.

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.