Nomad Foods (NOMD) Releases FY18 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.14-1.17 for the period, compared to the Thomson Reuters consensus estimate of $1.18. Nomad Foods also updated its FY 2018 guidance to $1.30-1.33 EPS.

Several research firms recently weighed in on NOMD. Zacks Investment Research downgraded shares of Nomad Foods from a buy rating to a hold rating in a report on Tuesday, September 4th. TheStreet upgraded shares of Nomad Foods from a d rating to a c rating in a report on Tuesday, October 16th. Wells Fargo & Co lifted their target price on shares of Nomad Foods from $23.00 to $25.00 and gave the company a buy rating in a report on Friday, August 10th. UBS Group lifted their target price on shares of Nomad Foods from $21.00 to $23.00 and gave the company a buy rating in a report on Friday, August 10th. Finally, Barclays began coverage on shares of Nomad Foods in a report on Friday, October 5th. They issued an overweight rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $22.17.

Shares of NYSE:NOMD traded down $0.10 during trading on Friday, hitting $20.40. The company’s stock had a trading volume of 98,856 shares, compared to its average volume of 1,203,157. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. Nomad Foods has a fifty-two week low of $14.32 and a fifty-two week high of $21.45.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $531.00 million during the quarter, compared to the consensus estimate of $514.37 million. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, analysts expect that Nomad Foods will post 1.35 EPS for the current year.

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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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