Equities research analysts predict that Nomad Foods Ltd (NYSE:NOMD) will report earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nomad Foods’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Nomad Foods posted earnings of $0.33 per share during the same quarter last year, which would indicate a negative year over year growth rate of 24.2%. The business is scheduled to announce its next earnings report on Thursday, August 8th.

On average, analysts expect that Nomad Foods will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.40. For the next year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Nomad Foods.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 9th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Nomad Foods had a return on equity of 9.84% and a net margin of 5.83%. The business had revenue of $617.80 million during the quarter, compared to analysts’ expectations of $613.77 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis.

Several equities analysts recently commented on the company. Goldman Sachs Group assumed coverage on Tricida in a research report on Wednesday, June 26th. They set a “buy” rating and a $48.00 target price for the company. Citigroup cut Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. DA Davidson assumed coverage on Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Finally, TheStreet cut Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.17.

A number of hedge funds have recently modified their holdings of the business. Boston Partners lifted its stake in Nomad Foods by 0.4% during the first quarter. Boston Partners now owns 11,882,549 shares of the company’s stock worth $242,998,000 after purchasing an additional 51,946 shares during the last quarter. Investec Asset Management LTD lifted its stake in Nomad Foods by 3.2% during the first quarter. Investec Asset Management LTD now owns 6,369,447 shares of the company’s stock worth $130,255,000 after purchasing an additional 195,408 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Nomad Foods by 11.0% during the first quarter. Victory Capital Management Inc. now owns 4,137,034 shares of the company’s stock worth $84,601,000 after purchasing an additional 410,823 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Nomad Foods by 11.2% during the first quarter. Wells Fargo & Company MN now owns 3,988,190 shares of the company’s stock worth $81,558,000 after purchasing an additional 401,486 shares during the last quarter. Finally, Samlyn Capital LLC bought a new stake in Nomad Foods during the fourth quarter worth about $60,166,000. 77.55% of the stock is owned by hedge funds and other institutional investors.

Nomad Foods stock traded up $0.10 during midday trading on Friday, hitting $22.85. 30,817 shares of the company’s stock were exchanged, compared to its average volume of 819,016. Nomad Foods has a 52-week low of $15.87 and a 52-week high of $22.82. The stock’s 50-day moving average price is $21.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market capitalization of $4.32 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.79 and a beta of 0.96.

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

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