$0.39 EPS Expected for Nomad Foods Limited (NOMD) This Quarter

Wall Street analysts expect Nomad Foods Limited (NYSE:NOMD) to post $0.39 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Nomad Foods’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.38. Nomad Foods posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.4%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, May 10th.

According to Zacks, analysts expect that Nomad Foods will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.45. For the next financial year, analysts expect that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.48 to $1.57. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Nomad Foods.

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Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, March 22nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $508.20 million during the quarter, compared to analyst estimates of $503.84 million. Nomad Foods had a return on equity of 9.43% and a net margin of 6.96%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Nomad Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.50.

NYSE NOMD opened at $16.43 on Friday. The stock has a market capitalization of $2,843.12, a PE ratio of 14.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 0.63. Nomad Foods has a twelve month low of $11.33 and a twelve month high of $17.32.

Several large investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its position in shares of Nomad Foods by 227.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,187,932 shares of the company’s stock worth $36,998,000 after buying an additional 1,518,985 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Nomad Foods by 391.0% in the fourth quarter. Macquarie Group Ltd. now owns 164,000 shares of the company’s stock worth $2,773,000 after buying an additional 130,600 shares in the last quarter. Zeke Capital Advisors LLC lifted its position in shares of Nomad Foods by 144.4% in the fourth quarter. Zeke Capital Advisors LLC now owns 109,191 shares of the company’s stock worth $1,846,000 after buying an additional 64,522 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $2,997,000. Finally, Goldentree Asset Management LP purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $15,395,000. Institutional investors own 74.20% of the company’s stock.

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Nomad Foods Company Profile

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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