Wall Street brokerages expect Nomad Foods Ltd (NYSE:NOMD) to announce earnings per share of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Nomad Foods’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Nomad Foods posted earnings per share of $0.33 during the same quarter last year, which would suggest a negative year over year growth rate of 24.2%. The firm is scheduled to report its next earnings results before the market opens on Thursday, August 8th.
On average, analysts expect that Nomad Foods will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.40. For the next year, analysts expect that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Nomad Foods.
Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The firm had revenue of $617.80 million for the quarter, compared to analysts’ expectations of $613.77 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group assumed coverage on Tricida in a research note on Wednesday, June 26th. They set a “buy” rating and a $48.00 target price on the stock. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. DA Davidson assumed coverage on Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Citigroup lowered Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new stake in shares of Nomad Foods during the first quarter valued at approximately $41,000. Advisor Group Inc. boosted its position in shares of Nomad Foods by 87.1% during the fourth quarter. Advisor Group Inc. now owns 4,338 shares of the company’s stock valued at $72,000 after purchasing an additional 2,020 shares in the last quarter. Nkcfo LLC boosted its position in shares of Nomad Foods by 200.0% during the first quarter. Nkcfo LLC now owns 4,800 shares of the company’s stock valued at $98,000 after purchasing an additional 3,200 shares in the last quarter. Actinver Wealth Management Inc. bought a new stake in shares of Nomad Foods during the fourth quarter valued at approximately $161,000. Finally, HRT Financial LLC bought a new stake in shares of Nomad Foods during the fourth quarter valued at approximately $190,000. Institutional investors own 77.55% of the company’s stock.
Shares of NOMD traded down $0.02 during mid-day trading on Friday, hitting $22.73. 861,577 shares of the company’s stock traded hands, compared to its average volume of 806,431. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.76. Nomad Foods has a 1 year low of $15.87 and a 1 year high of $22.97. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.83 and a beta of 0.96. The business has a 50-day simple moving average of $21.37.
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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