Equities analysts expect Nomad Foods Limited (NYSE:NOMD – Get Rating) to report sales of $814.71 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Nomad Foods’ earnings. The highest sales estimate is $851.16 million and the lowest is $778.26 million. Nomad Foods posted sales of $845.46 million in the same quarter last year, which indicates a negative year over year growth rate of 3.6%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Nomad Foods will report full-year sales of $3.17 billion for the current year, with estimates ranging from $3.10 billion to $3.23 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.25 billion, with estimates ranging from $3.18 billion to $3.32 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Nomad Foods.
Nomad Foods (NYSE:NOMD – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $707.38 million. Nomad Foods had a return on equity of 12.13% and a net margin of 6.97%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS.
A number of institutional investors have recently modified their holdings of NOMD. Morgan Stanley lifted its stake in Nomad Foods by 13.8% in the 2nd quarter. Morgan Stanley now owns 125,453 shares of the company’s stock worth $3,547,000 after purchasing an additional 15,218 shares in the last quarter. Herold Advisors Inc. purchased a new position in Nomad Foods in the 3rd quarter worth approximately $82,000. Deutsche Bank AG lifted its stake in Nomad Foods by 218.5% in the 3rd quarter. Deutsche Bank AG now owns 1,290,024 shares of the company’s stock worth $35,553,000 after purchasing an additional 885,002 shares in the last quarter. Pendal Group Ltd purchased a new position in Nomad Foods in the 3rd quarter worth approximately $17,952,000. Finally, PNC Financial Services Group Inc. lifted its stake in Nomad Foods by 32.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,614 shares of the company’s stock worth $101,000 after purchasing an additional 879 shares in the last quarter. 76.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NOMD opened at $18.85 on Thursday. The business’s 50-day moving average is $21.94 and its two-hundred day moving average is $24.38. The company has a market capitalization of $3.25 billion, a P/E ratio of 15.71 and a beta of 0.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.54 and a current ratio of 0.96. Nomad Foods has a fifty-two week low of $18.80 and a fifty-two week high of $31.85.
Nomad Foods Company Profile (Get Rating)
Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, 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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