Analysts predict that Nomad Foods Ltd (NYSE:NOMD) will post $674.26 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Nomad Foods’ earnings, with estimates ranging from $662.23 million to $686.28 million. Nomad Foods posted sales of $598.51 million in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, February 28th.
On average, analysts expect that Nomad Foods will report full year sales of $2.45 billion for the current financial year, with estimates ranging from $2.44 billion to $2.46 billion. For the next financial year, analysts anticipate that the business will report sales of $2.61 billion, with estimates ranging from $2.61 billion to $2.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Nomad Foods.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $531.00 million during the quarter, compared to analysts’ expectations of $514.37 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was up 15.7% on a year-over-year basis.
Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of Nomad Foods by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 513,168 shares of the company’s stock valued at $8,580,000 after buying an additional 45,405 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its holdings in shares of Nomad Foods by 1.8% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 51,302 shares of the company’s stock valued at $857,000 after buying an additional 901 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Nomad Foods by 7.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 55,570 shares of the company’s stock valued at $929,000 after buying an additional 3,775 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Nomad Foods by 13.7% during the 4th quarter. New York State Common Retirement Fund now owns 124,154 shares of the company’s stock valued at $2,076,000 after buying an additional 14,988 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in shares of Nomad Foods by 3.9% during the 4th quarter. Investec Asset Management LTD now owns 6,174,039 shares of the company’s stock valued at $103,230,000 after buying an additional 233,156 shares in the last quarter. 73.89% of the stock is currently owned by institutional investors and hedge funds.
NYSE NOMD traded up $0.32 on Wednesday, hitting $18.76. 55,908 shares of the company were exchanged, compared to its average volume of 573,875. Nomad Foods has a 12 month low of $15.27 and a 12 month high of $21.45. The firm has a market cap of $3.21 billion, a PE ratio of 16.59, a P/E/G ratio of 1.10 and a beta of 1.28. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.88.
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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