Equities research analysts expect that Nomad Foods Limited (NYSE:NOMD) will report $0.38 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Nomad Foods’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.37. Nomad Foods reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.7%. The firm is expected to issue its next earnings results before the market opens on Thursday, May 10th.
According to Zacks, analysts expect that Nomad Foods will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.45. For the next financial year, analysts forecast that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.48 to $1.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, March 22nd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $508.20 million during the quarter, compared to analyst estimates of $503.84 million. Nomad Foods had a net margin of 6.96% and a return on equity of 9.43%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Nomad Foods from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Saturday, March 17th. ValuEngine raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.50.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Nomad Foods by 72.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 138,648 shares of the company’s stock valued at $2,020,000 after acquiring an additional 58,386 shares during the last quarter. Invictus RG boosted its stake in Nomad Foods by 190.3% during the 4th quarter. Invictus RG now owns 45,359 shares of the company’s stock valued at $767,000 after acquiring an additional 29,735 shares during the last quarter. Caxton Associates LP bought a new position in Nomad Foods during the 4th quarter valued at $702,000. Bailard Inc. bought a new position in Nomad Foods during the 4th quarter valued at $786,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Nomad Foods by 60.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 68,708 shares of the company’s stock valued at $1,162,000 after acquiring an additional 25,894 shares during the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.
NOMD opened at $16.82 on Tuesday. The firm has a market cap of $2.87 billion, a P/E ratio of 14.88 and a beta of 0.76. Nomad Foods has a twelve month low of $11.64 and a twelve month high of $17.32. The company has a quick ratio of 0.63, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.
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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