Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Nomad Foods Limited (NOMD) Stock Price

Press coverage about Nomad Foods Limited (NYSE:NOMD) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nomad Foods Limited earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.9311988030579 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently commented on NOMD shares. Zacks Investment Research lowered shares of Nomad Foods Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS AG restated a “buy” rating and issued a $17.00 price objective on shares of Nomad Foods Limited in a research report on Tuesday, June 13th. Finally, ValuEngine lowered shares of Nomad Foods Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.25.

Shares of Nomad Foods Limited (NOMD) opened at 15.10 on Friday. Nomad Foods Limited has a 52 week low of $9.00 and a 52 week high of $15.12. The company has a 50-day moving average of $14.28 and a 200-day moving average of $12.56. The stock has a market capitalization of $2.75 billion and a P/E ratio of 55.72.

Nomad Foods Limited (NYSE:NOMD) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Nomad Foods Limited had a return on equity of 7.56% and a net margin of 2.13%. The company had revenue of $531.30 million for the quarter, compared to analyst estimates of $534.03 million. During the same quarter in the prior year, the firm posted $0.29 EPS. Nomad Foods Limited’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that Nomad Foods Limited will post $1.03 EPS for the current year.

Nomad Foods Limited announced that its board has authorized a share repurchase program on Monday, June 12th that allows the company to repurchase $105.10 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through a private placement purchase. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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About Nomad Foods Limited

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.

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