Nomad Foods (NOMD) to Release Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD) is scheduled to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect Nomad Foods to post earnings of $0.58 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. On average, analysts expect Nomad Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nomad Foods Stock Down 2.5 %

NYSE:NOMD opened at $17.25 on Thursday. The stock has a 50-day simple moving average of $18.44 and a 200 day simple moving average of $18.05. Nomad Foods has a one year low of $14.19 and a one year high of $20.05. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 12.78 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.48%. Nomad Foods’s payout ratio is currently 44.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, July 19th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday.

Nomad Foods Company Profile

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.