Nomad Foods Ltd (NYSE:NOMD) – Investment analysts at SunTrust Banks lifted their Q1 2020 earnings per share (EPS) estimates for shares of Nomad Foods in a research report issued to clients and investors on Monday, January 6th. SunTrust Banks analyst W. Chappell now expects that the company will post earnings per share of $0.43 for the quarter, up from their previous estimate of $0.42. SunTrust Banks also issued estimates for Nomad Foods’ Q2 2020 earnings at $0.32 EPS.
Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $543.51 million. Nomad Foods had a return on equity of 9.50% and a net margin of 6.43%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS.
A number of other equities analysts have also issued reports on NOMD. Zacks Investment Research upgraded Nomad Foods from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. Deutsche Bank started coverage on Nomad Foods in a research note on Wednesday, December 11th. They issued a “buy” rating and a $27.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.14.
Shares of NOMD stock opened at $21.75 on Wednesday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.21. The business has a fifty day moving average of $21.29 and a 200 day moving average of $20.94. Nomad Foods has a 1 year low of $17.22 and a 1 year high of $23.06.
Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC acquired a new stake in Nomad Foods during the 3rd quarter worth about $92,000. Massey Quick Simon & CO. LLC acquired a new stake in Nomad Foods during the 3rd quarter worth about $167,000. Toronto Dominion Bank acquired a new stake in Nomad Foods during the 2nd quarter worth about $158,000. Ellington Management Group LLC acquired a new stake in Nomad Foods during the 2nd quarter worth about $218,000. Finally, BBVA USA Bancshares Inc. acquired a new stake in Nomad Foods during the 3rd quarter worth about $334,000. Institutional investors own 78.31% of the company’s stock.
Nomad Foods Company Profile
Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers.
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