Nomad Foods (NYSE:NOMD) Issues FY 2019 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.32-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. Nomad Foods also updated its FY19 guidance to EUR 1.18-1.22 EPS.

A number of brokerages have commented on NOMD. Goldman Sachs Group assumed coverage on shares of Nomad Foods in a research note on Wednesday, June 26th. They set a buy rating and a $25.00 price target for the company. Zacks Investment Research downgraded shares of Nomad Foods from a hold rating to a sell rating in a report on Saturday. TheStreet downgraded shares of Nomad Foods from a b- rating to a c+ rating in a report on Tuesday, June 11th. ValuEngine downgraded shares of Nomad Foods from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, DA Davidson assumed coverage on shares of Nomad Foods in a report on Wednesday, June 19th. They set a buy rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Nomad Foods has a consensus rating of Hold and a consensus target price of $24.00.

NOMD traded down $0.76 during mid-day trading on Friday, reaching $21.29. 831,876 shares of the stock were exchanged, compared to its average volume of 921,367. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market capitalization of $4.29 billion, a PE ratio of 15.10, a PEG ratio of 1.80 and a beta of 0.96. The business has a 50 day moving average of $21.98. Nomad Foods has a 1 year low of $15.87 and a 1 year high of $23.06.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $537.80 million for the quarter, compared to the consensus estimate of $534.87 million. Nomad Foods had a net margin of 6.35% and a return on equity of 9.88%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts expect that Nomad Foods will post 1.36 earnings per share for the current fiscal year.

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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