Nomad Foods (NOMD) to Release Quarterly Earnings on Monday

Nomad Foods (NYSE:NOMD - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Monday, March 3rd. Analysts expect Nomad Foods to post earnings of $0.40 per share and revenue of $789.63 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Nomad Foods Stock Performance

NYSE NOMD traded up $0.30 during trading hours on Friday, hitting $18.91. The company had a trading volume of 665,181 shares, compared to its average volume of 603,046. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods has a 1-year low of $15.43 and a 1-year high of $20.05. The company has a market cap of $3.08 billion, a PE ratio of 14.22 and a beta of 0.79. The business has a 50 day moving average of $17.31 and a 200-day moving average of $17.80.

Nomad Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, February 10th. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio is currently 51.13%.

Analyst Upgrades and Downgrades

NOMD has been the subject of several research analyst reports. StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Barclays decreased their price objective on shares of Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Mizuho decreased their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th.

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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.