Nomad Foods (NOMD) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about Nomad Foods (NYSE:NOMD) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. 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 earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.5028965733452 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Nomad Foods Ltd : quaterly earnings release (4-traders.com)
- Tracking Bill Ackman’s Pershing Square Portfolio – Q3 2017 Update (seekingalpha.com)
- Nomad Foods Ltd. breached its 50 day moving average in a Bullish Manner : NOMD-US : November 21, 2017 (finance.yahoo.com)
- Nomad Foods Limited (NOMD) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- Brokerages Anticipate Nomad Foods Limited (NOMD) Will Post Quarterly Sales of $525.17 Million (americanbankingnews.com)
A number of analysts recently commented on the company. Zacks Investment Research downgraded Nomad Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Berenberg Bank assumed coverage on Nomad Foods in a report on Thursday, November 16th. They set a “buy” rating and a $18.00 price objective for the company. Finally, ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Nomad Foods currently has an average rating of “Buy” and an average target price of $15.75.
Nomad Foods (NYSE NOMD) opened at $15.56 on Friday. Nomad Foods has a twelve month low of $9.00 and a twelve month high of $15.65. The firm has a market capitalization of $2,652.55 and a price-to-earnings ratio of 16.91. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.76.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Friday, August 25th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. Nomad Foods had a return on equity of 7.93% and a net margin of 3.56%. The business had revenue of $458.10 million during the quarter, compared to analyst estimates of $459.51 million. During the same period in the prior year, the company earned $0.19 earnings per share. Nomad Foods’s revenue was up .5% compared to the same quarter last year. equities research analysts predict that Nomad Foods will post 1.11 EPS for the current year.
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Nomad Foods 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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