Nomad Foods (NYSE:NOMD) Releases FY19 Earnings Guidance

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Nomad Foods (NYSE:NOMD) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.20-1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.22.

Shares of NYSE NOMD traded up $0.53 during midday trading on Friday, reaching $20.33. 1,517,494 shares of the company’s stock were exchanged, compared to its average volume of 1,047,733. Nomad Foods has a 52-week low of $15.87 and a 52-week high of $23.06. The stock has a market capitalization of $3.80 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.64. The business’s fifty day moving average price is $19.91 and its two-hundred day moving average price is $20.95.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $543.51 million. Nomad Foods had a return on equity of 9.63% and a net margin of 6.35%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Analysts predict that Nomad Foods will post 1.37 earnings per share for the current fiscal year.

NOMD has been the subject of several research analyst reports. Barclays set a $25.00 price objective on Nomad Foods and gave the company a buy rating in a report on Friday, August 9th. ValuEngine lowered Nomad Foods from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered Nomad Foods from a buy rating to a hold rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nomad Foods currently has an average rating of Buy and an average price target of $24.83.

Nomad Foods Company Profile

Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of 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.

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

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