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:
- Nomad Foods Limited Ordinary Sh (NYSE:NOMD) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- Nomad Foods Limited (NOMD) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Nomad Foods Limited (NYSE:NOMD) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Tracking Bill Ackman’s Pershing Square Portfolio – Q2 2017 Update (seekingalpha.com)
- Nomad Foods Ltd. breached its 50 day moving average in a Bullish Manner : NOMD-US : August 14, 2017 (finance.yahoo.com)
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.
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.
ILLEGAL ACTIVITY WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/19/nomad-foods-limited-nomd-receiving-somewhat-favorable-media-coverage-report-shows-updated-updated.html.
About Nomad Foods Limited
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys 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.
What are top analysts saying about Nomad Foods Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nomad Foods Limited and related companies.