Brokerages expect Nomad Foods Ltd (NYSE:NOMD) to report earnings per share (EPS) of $0.34 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Nomad Foods’ earnings. Nomad Foods reported earnings of $0.33 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The firm is expected to announce its next earnings results on Thursday, February 27th.
On average, analysts expect that Nomad Foods will report full year earnings of $1.37 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $1.43 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $543.51 million. Nomad Foods had a net margin of 6.35% and a return on equity of 9.63%. Nomad Foods’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS.
A number of equities analysts have issued reports on NOMD shares. ValuEngine lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays set a $25.00 price target on shares of Nomad Foods and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Nomad Foods presently has a consensus rating of “Buy” and a consensus price target of $24.83.
NOMD traded up $0.53 during trading on Tuesday, reaching $20.33. 1,517,494 shares of the company’s stock were exchanged, compared to its average volume of 1,047,733. Nomad Foods has a 1 year low of $15.87 and a 1 year high of $23.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.20. The stock has a market capitalization of $3.80 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. The company’s fifty day simple moving average is $19.91 and its 200-day simple moving average is $20.95.
A number of institutional investors and hedge funds have recently bought and sold shares of NOMD. BBVA USA Bancshares Inc. purchased a new position in shares of Nomad Foods during the 3rd quarter valued at approximately $334,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Nomad Foods by 51.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,863,559 shares of the company’s stock valued at $38,203,000 after purchasing an additional 631,979 shares in the last quarter. Monarch Partners Asset Management LLC increased its holdings in shares of Nomad Foods by 13.5% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 569,264 shares of the company’s stock valued at $11,670,000 after purchasing an additional 67,509 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Nomad Foods by 18.7% during the 3rd quarter. Keybank National Association OH now owns 20,257 shares of the company’s stock valued at $415,000 after purchasing an additional 3,187 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Nomad Foods by 1.3% during the 3rd quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock valued at $1,640,000 after purchasing an additional 1,000 shares in the last quarter. 77.95% of the stock is owned by institutional investors.
About Nomad Foods
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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