Nomad Foods (NYSE:NOMD – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01, MarketWatch Earnings reports. Nomad Foods had a return on equity of 12.13% and a net margin of 6.97%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Nomad Foods updated its FY 2022 guidance to $1.92-$1.96 EPS.
Shares of NYSE:NOMD opened at $20.39 on Friday. The business has a fifty day moving average price of $20.59 and a two-hundred day moving average price of $23.68. The company has a market capitalization of $3.52 billion, a PE ratio of 16.58 and a beta of 0.73. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.96 and a quick ratio of 0.54. Nomad Foods has a 1 year low of $17.30 and a 1 year high of $31.85.
Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on Nomad Foods from $33.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. The Goldman Sachs Group dropped their price target on Nomad Foods from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. UBS Group began coverage on Nomad Foods in a research report on Wednesday, March 30th. They set a “buy” rating and a $26.00 price objective for the company. Credit Suisse Group cut their price objective on Nomad Foods from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. Finally, Mizuho reduced their price target on Nomad Foods from $31.00 to $25.00 in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $27.44.
About Nomad Foods (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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