Nomad Foods Limited (NYSE:NOMD) Receives News Impact Rating of 0.19
Press coverage about Nomad Foods Limited (NYSE:NOMD) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nomad Foods Limited earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6643607907778 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
NOMD has been the subject of several recent analyst reports. Zacks Investment Research upgraded Nomad Foods Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, June 7th. ValuEngine downgraded Nomad Foods Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, UBS AG restated a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Nomad Foods Limited in a research note on Tuesday, May 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $15.25.
Nomad Foods Limited (NYSE NOMD) traded up 2.79% on Friday, reaching $14.39. The company’s stock had a trading volume of 721,494 shares. Nomad Foods Limited has a 12-month low of $9.00 and a 12-month high of $14.72. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 53.10. The firm has a 50-day moving average of $14.15 and a 200 day moving average of $12.40.
Nomad Foods Limited (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Nomad Foods Limited had a return on equity of 7.56% and a net margin of 2.13%. The company had revenue of $531.30 million for the quarter, compared to analyst estimates of $534.03 million. During the same period last year, the company earned $0.29 earnings per share. Nomad Foods Limited’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Nomad Foods Limited will post $1.04 EPS for the current fiscal year.
Nomad Foods Limited announced that its Board of Directors has approved a stock repurchase plan on Monday, June 12th that allows the company to repurchase $105.10 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through a private placement purchase. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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Nomad Foods Limited Company Profile
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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