Nomad Foods (NYSE:NOMD) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.30-1.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.33. Nomad Foods also updated its FY18 guidance to 1.14-1.17 EPS.
NYSE NOMD traded down $0.18 during midday trading on Friday, hitting $20.32. The company had a trading volume of 83,284 shares, compared to its average volume of 1,203,157. 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 $3.30 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 0.98 and a beta of 0.89. 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 $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $531.00 million for the quarter, compared to analyst estimates of $514.37 million. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. As a group, sell-side analysts expect that Nomad Foods will post 1.35 earnings per share for the current fiscal year.
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About Nomad Foods
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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