Nomad Foods (NOMD) to Release Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD) is set to release its earnings data before the market opens on Thursday, November 8th. Analysts expect Nomad Foods to post earnings of $0.27 per share for the quarter. Nomad Foods has set its FY18 guidance at $1.14-1.17 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. The firm had revenue of $488.20 million for the quarter, compared to analysts’ expectations of $482.81 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect Nomad Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NOMD opened at $18.92 on Tuesday. Nomad Foods has a twelve month low of $14.32 and a twelve month high of $21.15. The stock has a market cap of $3.39 billion, a PE ratio of 16.74, a P/E/G ratio of 0.96 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90.

Several brokerages have recently weighed in on NOMD. TheStreet upgraded Nomad Foods from a “d” rating to a “c” rating in a research report on Tuesday, October 16th. Zacks Investment Research upgraded Nomad Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Wells Fargo & Co upped their price target on Nomad Foods from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 10th. UBS Group boosted their price objective on Nomad Foods from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Credit Suisse Group started coverage on Nomad Foods in a report on Tuesday, July 17th. They set an “outperform” rating and a $24.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $22.17.

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About Nomad Foods

Nomad Foods Limited manufactures and distributes frozen foods in Western 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. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.

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Earnings History for Nomad Foods (NYSE:NOMD)

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