Nomad Foods (NOMD) to Release Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $766.56 million. Nomad Foods had a net margin of 6.34% and a return on equity of 10.41%. During the same period last year, the company posted $0.34 earnings per share. On average, analysts expect Nomad Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nomad Foods Price Performance

NOMD stock opened at $17.86 on Wednesday. Nomad Foods has a 52 week low of $13.56 and a 52 week high of $20.05. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $17.50. The firm has a market capitalization of $2.91 billion, a P/E ratio of 14.52 and a beta of 0.77.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.60 annualized dividend and a yield of 3.36%. Nomad Foods’s dividend payout ratio (DPR) is currently 48.78%.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on shares of Nomad Foods from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.