Nomad Foods (NOMD) to Release Quarterly Earnings on Monday

Nomad Foods (NYSE:NOMD) is projected to post its quarterly earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Nomad Foods Price Performance

NOMD stock opened at $18.91 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. Nomad Foods has a one year low of $15.43 and a one year high of $20.05. The stock has a market cap of $3.08 billion, a PE ratio of 14.22 and a beta of 0.79. The firm has a 50 day simple moving average of $17.26 and a two-hundred day simple moving average of $17.80.

Nomad Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s payout ratio is currently 51.13%.

Analysts Set New Price Targets

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

About Nomad Foods

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.