Top Trades for Monday! SBUX, NVDA, ETSY >>> READ MORE

3 Stocks to Watch on Thursday: ABM Industries, Inc. (ABM), Aspen Group Inc (ASPU) and Nordson Corporation (NDSN)

ABM increased dividend by 3%, ASPU revenue grew 40%, NDSN sales surged 13%

By Karl Utermohlen, InvestorPlace Writer

http://bit.ly/2o5nKIk

Stocks were higher on Wednesday as the dollar was under pressure, while gold gained 0.6% and crude oil fell 0.9%. The S&P 500 Index lost 0.5%, the Dow Jones Industrial Average gained 0.4% and the Nasdaq Composite edged 0.2% higher.

3 Stocks to Watch on Thursday: ABM Industries, Inc. (ABM), Aspen Group Inc (ASPU) and Nordson Corporation (NDSN)Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE:ABM), Aspen Group Inc (NASDAQ:ASPU) and Nordson Corporation (NASDAQ:NDSN).

Here’s how they did:

ABM Industries, Inc. (ABM)

ABM Industries unveiled their latest results late yesterday.

For its fourth quarter of fiscal 2017, revenue surged 13.3% to $1.5 billion thanks in part to $178.5 million worth of acquisitions, including the purchase of GCA Services Group.

Earnings came in at $23.5 million on an adjusted basis for the period, or 37 cents per share. A year ago, the company lost $29.2 million, or roughly 51 cents per share on an adjusted basis.

For the full fiscal year, ABM Industries garnered $5.5 billion in revenue, marking a 6% increase year-over-year. Adjusted earnings were 2.8% better to $101.9 million, or $1.75 per diluted share.

A year ago, the company’s adjusted earnings were $99.2 million, or $1.74 per diluted share.

ABM stock fell 10% after the bell Wednesday.

Aspen Group Inc (ASPU)

Aspen Group reported on its second quarter of fiscal 2018.

The company unveiled revenue of $4.85 million, marking a 40% gain compared to the year-ago mark. Its GAAP Gross Profit was $2.86 million, which was 36% better than in the year-ago mark.

Aspen Group’s net loss applicable to shareholders was $481,551, which was better than the $116,541 that the company lost in the year-ago quarter. Diluted earnings were a loss of four cents per share, compared to a breakeven quarter a year ago.

On an adjusted basis, the company earned $224,494 or 5% margin. Aspen’s total active student body increased year-over-year from 3,726 to 5,641, marking a 51% growth year-over-year.

ASPU stock gained 4.3% after hours.

Nordson Corporation (NDSN)

Nordson Corporation reported on its latest quarter and fiscal year.

For its fourth quarter, sales gained 13% year-over-year to $574 million. Operating profit for the period gained 13% compared to the year-ago mark to roughly $125 million.

Diluted earnings were $1.37 per share for the company’s last period of fiscal 2017, growing 5% year-over-year. EBITDA increased about 17% compared to the year-ago mark, growing to $150 million.

For the full year, revenue came in at $2.1 billion, including an organic growth of 8%. Its earnings surged 19% year-over-year, while its operating profit was 18% better compared to a year ago.

Adjusted earnings were 15% better to $5.37 per share, while full-year adjusted earnings included a charge of 18 cents per diluted share due to an intangible asset amortization expense.

For its first quarter, the company sees its sales surging 30% to 34% compared to the year-ago mark, coming in at $1.29 to $1.39 per share.

NDSN shares popped 9.8% after Wednesday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/12/3-stocks-watch-thursday-abm-industries-inc-abm-aspen-group-inc-aspu-nordson-corporation-ndsn/.

©2018 InvestorPlace Media, LLC