Nomad Foods (NOMD) Projected to Post Quarterly Earnings on Monday

Nomad Foods (NYSE:NOMD) will likely be releasing its earnings data before the market opens on Monday, March 3rd. Analysts expect Nomad Foods to post earnings of $0.40 per share and revenue of $789.63 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nomad Foods Stock Up 0.2 %

NOMD stock opened at $19.06 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods has a fifty-two week low of $15.43 and a fifty-two week high of $20.05. The firm’s 50-day simple moving average is $17.16 and its 200 day simple moving average is $17.79. The stock has a market cap of $3.11 billion, a PE ratio of 14.33 and a beta of 0.79.

Nomad Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio (DPR) is 51.13%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NOMD. Barclays dropped their price objective on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho lowered their target price on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

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.