Nomad Foods (NYSE:NOMD) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.14-1.17 for the period, compared to the Thomson Reuters consensus estimate of $1.18. Nomad Foods also updated its FY 2018 guidance to $1.30-1.33 EPS.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Nomad Foods from a buy rating to a hold rating in a report on Tuesday, September 4th. TheStreet upgraded Nomad Foods from a d rating to a c rating in a report on Tuesday, October 16th. Wells Fargo & Co lifted their price objective on Nomad Foods from $23.00 to $25.00 and gave the stock a buy rating in a report on Friday, August 10th. UBS Group lifted 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, Barclays assumed coverage on Nomad Foods in a report on Friday, October 5th. They issued an overweight rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Nomad Foods has a consensus rating of Buy and a consensus price target of $22.17.
NYSE NOMD opened at $20.51 on Friday. The stock has a market capitalization of $3.36 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. Nomad Foods has a one year low of $14.32 and a one year high of $21.45.
Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. The firm had revenue of $531.00 million for the quarter, compared to analysts’ expectations of $514.37 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts expect that Nomad Foods will post 1.34 EPS for the current year.
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Nomad Foods Company Profile
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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