Nomad Foods (NOMD) Scheduled to Post Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $810.64 million for the quarter, compared to analysts' expectations of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. 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 Trading Up 1.2 %

Nomad Foods stock traded up $0.21 during mid-day trading on Thursday, hitting $17.51. The company's stock had a trading volume of 1,074,853 shares, compared to its average volume of 581,109. The business has a 50 day moving average price of $18.42 and a 200-day moving average price of $18.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. Nomad Foods has a 12 month low of $14.20 and a 12 month high of $20.05. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 12.97 and a beta of 0.79.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, November 8th. Nomad Foods's dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NOMD shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday. Barclays dropped their price objective on Nomad Foods from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Finally, StockNews.com cut Nomad Foods from a "buy" rating to a "hold" rating in a research note on Thursday.

Nomad Foods Company Profile

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.