Equities research analysts expect Nomad Foods Ltd (NYSE:NOMD) to report $0.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Nomad Foods’ earnings. Nomad Foods posted earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The firm is expected to announce its next earnings report on Thursday, March 28th.
According to Zacks, analysts expect that Nomad Foods will report full year earnings of $1.35 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.47 to $1.58. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Nomad Foods.
Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Nomad Foods had a net margin of 7.66% and a return on equity of 10.14%. The company had revenue of $531.00 million during the quarter, compared to analysts’ expectations of $514.37 million. During the same quarter in the previous year, the company earned $0.22 EPS. Nomad Foods’s revenue was up 15.7% on a year-over-year basis.
A number of research analysts recently issued reports on NOMD shares. Zacks Investment Research upgraded shares of Nomad Foods from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. TheStreet upgraded shares of Nomad Foods from a “d” rating to a “c” rating in a report on Tuesday, October 16th. Finally, Barclays started coverage on shares of Nomad Foods in a report on Friday, October 5th. They set an “overweight” rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.75.
Shares of NYSE:NOMD traded up $0.13 during trading on Friday, hitting $17.97. 528,444 shares of the company’s stock were exchanged, compared to its average volume of 673,869. Nomad Foods has a 1-year low of $15.27 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.10 and a quick ratio of 0.60. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 1.34.
Several institutional investors have recently added to or reduced their stakes in NOMD. Csenge Advisory Group bought a new stake in shares of Nomad Foods in the third quarter worth $37,000. Carnegie Capital Asset Management LLC bought a new stake in shares of Nomad Foods in the third quarter worth $200,000. Carlson Capital Management bought a new stake in shares of Nomad Foods in the third quarter worth $203,000. Raymond James Trust N.A. bought a new stake in shares of Nomad Foods in the third quarter worth $206,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Nomad Foods in the third quarter worth $227,000. Institutional investors own 74.05% of the company’s stock.
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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