Wall Street brokerages expect Nomad Foods Ltd (NYSE:NOMD) to post earnings per share of $0.27 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nomad Foods’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. Nomad Foods reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 27th.

According to Zacks, analysts expect that Nomad Foods will report full year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.33 to $1.35. For the next year, analysts expect that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.39 to $1.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Nomad Foods.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $488.20 million for the quarter, compared to analyst estimates of $482.81 million. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. Nomad Foods’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS.

A number of equities research analysts have issued reports on NOMD shares. ValuEngine lowered Nomad Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. Zacks Investment Research raised Nomad Foods from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 29th. Credit Suisse Group started coverage on Nomad Foods in a research report on Tuesday, July 17th. They issued an “outperform” rating and a $24.00 price target on the stock. UBS Group increased their price target on Nomad Foods from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co started coverage on Nomad Foods in a research report on Thursday, June 28th. They issued an “outperform” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $22.17.

NOMD stock traded up $0.30 during mid-day trading on Thursday, reaching $21.00. The company had a trading volume of 853,300 shares, compared to its average volume of 1,147,536. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.90. The firm has a market capitalization of $3.59 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.03 and a beta of 0.63. Nomad Foods has a fifty-two week low of $14.32 and a fifty-two week high of $21.02.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fort L.P. purchased a new position in shares of Nomad Foods in the 2nd quarter valued at about $126,000. First Mercantile Trust Co. purchased a new position in shares of Nomad Foods in the 1st quarter valued at about $119,000. Toronto Dominion Bank purchased a new position in shares of Nomad Foods in the 2nd quarter valued at about $158,000. SG Americas Securities LLC purchased a new position in shares of Nomad Foods in the 1st quarter valued at about $161,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Nomad Foods in the 1st quarter valued at about $168,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Nomad Foods Company Profile

Nomad Foods Limited manufactures and distributes frozen foods in Western Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.

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Earnings History and Estimates for Nomad Foods (NYSE:NOMD)

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