Analysts expect Nomad Foods Ltd (NYSE:NOMD) to announce $0.35 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Nomad Foods’ earnings. Nomad Foods reported earnings of $0.33 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The firm is expected to issue its next earnings results on Thursday, February 27th.
On average, analysts expect that Nomad Foods will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.35 to $1.36. For the next fiscal year, analysts forecast that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.41 to $1.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Nomad Foods had a net margin of 6.43% and a return on equity of 9.50%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $543.51 million. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 1.7% on a year-over-year basis.
NOMD has been the subject of several research analyst reports. Deutsche Bank initiated coverage on shares of Nomad Foods in a report on Wednesday, December 11th. They issued a “buy” rating and a $27.00 price target for the company. Zacks Investment Research raised shares of Nomad Foods from a “sell” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.29.
Shares of NOMD stock opened at $20.96 on Friday. Nomad Foods has a 12-month low of $17.22 and a 12-month high of $23.06. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average of $21.35 and a 200-day moving average of $20.96.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Artemis Investment Management LLP boosted its stake in Nomad Foods by 21.7% in the 4th quarter. Artemis Investment Management LLP now owns 656,574 shares of the company’s stock worth $14,338,000 after purchasing an additional 117,096 shares during the period. Point72 Asset Management L.P. boosted its stake in Nomad Foods by 425.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 609,294 shares of the company’s stock worth $12,491,000 after purchasing an additional 493,394 shares during the period. State Street Corp boosted its stake in Nomad Foods by 7.4% in the 3rd quarter. State Street Corp now owns 84,725 shares of the company’s stock worth $1,737,000 after purchasing an additional 5,816 shares during the period. BBVA USA Bancshares Inc. acquired a new position in Nomad Foods in the 3rd quarter worth $334,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Nomad Foods by 51.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,863,559 shares of the company’s stock worth $38,203,000 after purchasing an additional 631,979 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.
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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