Nomad Foods (NOMD) Updates FY18 Earnings Guidance

Share on StockTwits

Nomad Foods (NYSE:NOMD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.14-1.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. Nomad Foods also updated its FY 2018 guidance to $1.30-1.33 EPS.

Shares of NOMD stock opened at $20.51 on Friday. Nomad Foods has a 52 week low of $14.32 and a 52 week high of $21.45. The firm has a market capitalization of $3.36 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. The company had revenue of $531.00 million during the quarter, compared to analyst estimates of $514.37 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Sell-side analysts anticipate that Nomad Foods will post 1.34 EPS for the current fiscal year.

NOMD has been the subject of a number of research analyst reports. Wells Fargo & Co raised their price target on Nomad Foods from $23.00 to $25.00 and gave the stock a buy rating in a research note on Friday, August 10th. UBS Group raised their price target on Nomad Foods from $21.00 to $23.00 and gave the stock a buy rating in a research note on Friday, August 10th. Barclays initiated coverage on Nomad Foods in a research note on Friday, October 5th. They issued an overweight rating for the company. Zacks Investment Research lowered Nomad Foods from a hold rating to a strong sell rating in a research note on Thursday. Finally, TheStreet upgraded Nomad Foods from a d rating to a c rating in a report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $22.17.

ILLEGAL ACTIVITY WARNING: This piece was posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at

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.

Read More: Hedge Funds

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

Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with's FREE daily email newsletter.

Leave a Reply