Analysts Expect Nomad Foods Ltd (NYSE:NOMD) to Post $0.25 EPS

Wall Street brokerages expect that Nomad Foods Ltd (NYSE:NOMD) will report earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nomad Foods’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. Nomad Foods reported earnings per share of $0.33 during the same quarter last year, which suggests a negative year over year growth rate of 24.2%. The business is expected to issue its next earnings report before the market opens on Thursday, August 8th.

On average, analysts expect that Nomad Foods will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.35 to $1.40. For the next year, analysts anticipate that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Nomad Foods.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The company had revenue of $617.80 million during the quarter, compared to analyst estimates of $613.77 million. During the same period in the previous year, the business earned $0.35 EPS. Nomad Foods’s quarterly revenue was up 14.6% on a year-over-year basis.

Several research firms have commented on NOMD. TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Citigroup cut Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. DA Davidson initiated coverage on Nomad Foods in a report on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price on the stock. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.17.

Institutional investors have recently modified their holdings of the company. Investors Research Corp acquired a new position in shares of Nomad Foods during the 1st quarter worth approximately $41,000. Advisor Group Inc. lifted its holdings in Nomad Foods by 87.1% in the fourth quarter. Advisor Group Inc. now owns 4,338 shares of the company’s stock valued at $72,000 after acquiring an additional 2,020 shares during the last quarter. Nkcfo LLC lifted its holdings in Nomad Foods by 200.0% in the first quarter. Nkcfo LLC now owns 4,800 shares of the company’s stock valued at $98,000 after acquiring an additional 3,200 shares during the last quarter. Carlson Capital Management acquired a new position in Nomad Foods in the first quarter valued at approximately $205,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in Nomad Foods in the first quarter valued at approximately $224,000. Institutional investors and hedge funds own 77.55% of the company’s stock.

NYSE:NOMD traded down $0.02 during trading hours on Friday, hitting $22.73. 861,577 shares of the stock were exchanged, compared to its average volume of 806,431. Nomad Foods has a 52-week low of $15.87 and a 52-week high of $22.97. The business’s fifty day simple moving average is $21.37. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.42 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.83 and a beta of 0.96.

Nomad Foods Company Profile

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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Earnings History and Estimates for Nomad Foods (NYSE:NOMD)

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