Analysts predict that Nomad Foods Ltd (NYSE:NOMD) will post $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Nomad Foods’ earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Nomad Foods posted earnings per share of $0.43 in the same quarter last year, which would indicate a negative year over year growth rate of 9.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 9th.
According to Zacks, analysts expect that Nomad Foods will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.49. For the next fiscal year, analysts forecast that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.47 to $1.66. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Nomad Foods.
Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Nomad Foods had a return on equity of 10.02% and a net margin of 7.93%. The firm had revenue of $701.58 million during the quarter, compared to the consensus estimate of $673.67 million.
A number of analysts recently commented on NOMD shares. TheStreet raised Nomad Foods from a “c” rating to a “b” rating in a research note on Friday, March 29th. UBS Group set a $25.00 price objective on Nomad Foods and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised Nomad Foods from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.50.
Institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. increased its holdings in Nomad Foods by 4.2% in the 3rd quarter. Macquarie Group Ltd. now owns 343,454 shares of the company’s stock worth $6,958,000 after buying an additional 13,975 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Nomad Foods during the 4th quarter valued at about $4,280,000. Legal & General Group Plc grew its stake in shares of Nomad Foods by 4.3% during the 3rd quarter. Legal & General Group Plc now owns 64,169 shares of the company’s stock valued at $1,300,000 after purchasing an additional 2,641 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Nomad Foods by 459.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,541 shares of the company’s stock valued at $1,263,000 after buying an additional 62,049 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Nomad Foods by 1.2% during the 4th quarter. Brown Advisory Inc. now owns 4,655,967 shares of the company’s stock valued at $77,848,000 after buying an additional 54,670 shares in the last quarter. 68.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NOMD stock opened at $20.71 on Friday. Nomad Foods has a 52 week low of $15.87 and a 52 week high of $21.81. The firm has a market capitalization of $4.03 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.85.
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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