Nomad Foods (NOMD) Scheduled to Post Earnings on Thursday

Nomad Foods (NYSE:NOMD) will 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. Investors interested in participating in the company’s conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. 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 current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. The firm has a 50 day simple moving average of $18.44 and a 200-day simple moving average of $18.05. The company has a market capitalization of $2.81 billion, a PE ratio of 12.78 and a beta of 0.79. Nomad Foods has a twelve month low of $14.19 and a twelve month high of $20.05.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.48%. Nomad Foods’s dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NOMD shares. Barclays reduced their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Finally, StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

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.