Nomad Foods (NYSE:NOMD) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Nomad Foods (NYSE:NOMD - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.06, Zacks reports. The firm had revenue of $783.31 million for the quarter, compared to the consensus estimate of $789.63 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%.

Nomad Foods Price Performance

NOMD traded down $0.14 during midday trading on Thursday, reaching $20.40. 1,244,367 shares of the company's stock were exchanged, compared to its average volume of 592,550. Nomad Foods has a 1-year low of $15.43 and a 1-year high of $20.81. The stock has a market capitalization of $3.33 billion, a PE ratio of 15.34 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The business's 50-day moving average price is $17.52 and its 200 day moving average price is $17.84.

Nomad Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Nomad Foods's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.33%. Nomad Foods's payout ratio is currently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NOMD shares. Barclays upped their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday. Mizuho upped their target price on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Nomad Foods from a "hold" rating to a "buy" rating in a research report on Monday, November 18th.

Remove Ads

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.