Wall Street brokerages predict that Nomad Foods Ltd (NYSE:NOMD) will post $0.34 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Nomad Foods’ earnings. Nomad Foods posted earnings of $0.33 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is scheduled to issue its next earnings report on Thursday, February 27th.
According to Zacks, analysts expect that Nomad Foods will report full-year earnings of $1.37 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $1.43 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Nomad Foods had a return on equity of 9.63% and a net margin of 6.35%. The company had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $543.51 million. During the same period in the previous year, the firm posted $0.26 EPS. Nomad Foods’s revenue was up 1.7% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Nomad Foods during the 2nd quarter worth approximately $29,000. Advisory Services Network LLC lifted its holdings in Nomad Foods by 133.4% in the second quarter. Advisory Services Network LLC now owns 3,545 shares of the company’s stock valued at $76,000 after acquiring an additional 2,026 shares during the last quarter. First Bank & Trust lifted its holdings in Nomad Foods by 32.9% in the second quarter. First Bank & Trust now owns 3,882 shares of the company’s stock valued at $83,000 after acquiring an additional 960 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Nomad Foods in the third quarter valued at approximately $92,000. Finally, Toronto Dominion Bank acquired a new position in Nomad Foods in the second quarter valued at approximately $158,000. Institutional investors and hedge funds own 77.95% of the company’s stock.
NOMD stock traded up $0.53 during trading on Tuesday, hitting $20.33. The stock had a trading volume of 1,517,494 shares, compared to its average volume of 1,047,733. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.20. Nomad Foods has a twelve month low of $15.87 and a twelve month high of $23.06. The stock has a market capitalization of $3.80 billion, a P/E ratio of 14.42, a PEG ratio of 1.58 and a beta of 1.00. The company’s 50-day moving average price is $19.91 and its two-hundred day moving average price is $20.95.
About Nomad Foods
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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