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

Nomad Foods (NYSE:NOMD - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

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

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

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.43%. Nomad Foods's payout ratio is 44.44%.

Analysts Set New Price Targets

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

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.