Nomad Foods (NOMD) Set to Announce Earnings on Thursday

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

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The company had revenue of $810.64 million during the quarter, compared to the consensus estimate of $822.21 million. 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 %

Shares of NYSE:NOMD opened at $17.25 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.81 billion, a P/E ratio of 12.78 and a beta of 0.79. Nomad Foods has a 52-week low of $14.19 and a 52-week high of $20.05. The stock’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $18.05.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.48%. Nomad Foods’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Ratings Changes

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