Nomad Foods (NYSE:NOMD) Announces Quarterly Earnings Results

Nomad Foods (NYSE:NOMD) posted its earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01, reports. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $543.51 million. Nomad Foods had a net margin of 6.35% and a return on equity of 9.63%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Nomad Foods updated its FY19 guidance to 1.20-1.22 EPS.

Shares of NOMD stock traded up $0.53 during trading hours on Friday, hitting $20.33. 1,517,494 shares of the company were exchanged, compared to its average volume of 1,047,733. The business has a 50 day moving average of $19.91 and a two-hundred day moving average of $20.95. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Nomad Foods has a 52 week low of $15.87 and a 52 week high of $23.06. The company has a market capitalization of $3.80 billion, a PE ratio of 14.42, a PEG ratio of 1.58 and a beta of 1.00.

Several equities research analysts have weighed in on NOMD shares. Zacks Investment Research lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays set a $25.00 price objective on shares of Nomad Foods and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine downgraded shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Nomad Foods presently has an average rating of “Buy” and a consensus price target of $24.83.

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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Earnings History for Nomad Foods (NYSE:NOMD)

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