Analysts expect that Nomad Foods Limited (NYSE:NOMD) will post earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Nomad Foods’ earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. Nomad Foods reported earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that Nomad Foods will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.45. For the next fiscal year, analysts expect that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.48 to $1.57. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, March 22nd. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 9.43% and a net margin of 6.96%. The firm had revenue of $508.20 million for the quarter, compared to the consensus estimate of $503.84 million. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Several equities analysts recently weighed in on the company. ValuEngine upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Nomad Foods from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Saturday, March 17th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.50.
NYSE NOMD opened at $15.53 on Wednesday. Nomad Foods has a twelve month low of $11.05 and a twelve month high of $17.32. The stock has a market cap of $2,723.06, a P/E ratio of 13.74 and a beta of 0.79. The company has a current ratio of 1.07, a quick ratio of 0.63 and a debt-to-equity ratio of 0.75.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Nomad Foods by 72.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 138,648 shares of the company’s stock worth $2,020,000 after purchasing an additional 58,386 shares during the period. Scoggin Management LP purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at about $18,213,000. AMP Capital Investors Ltd purchased a new stake in shares of Nomad Foods during the 3rd quarter valued at about $802,000. JPMorgan Chase & Co. raised its holdings in shares of Nomad Foods by 1,457.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 637,162 shares of the company’s stock valued at $9,252,000 after buying an additional 596,251 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Nomad Foods by 312.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 657,590 shares of the company’s stock valued at $9,581,000 after buying an additional 498,333 shares during the period. Institutional investors own 74.19% of the company’s stock.
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About Nomad Foods
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company's frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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