Nomad Foods (NOMD) Scheduled to Post Earnings on Thursday

Nomad Foods (NYSE:NOMD) is scheduled to be posting its quarterly 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Shares of NOMD opened at $17.25 on Thursday. Nomad Foods has a 12-month low of $14.19 and a 12-month high of $20.05. The stock has a market cap of $2.81 billion, a P/E ratio of 12.78 and a beta of 0.79. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $18.44 and a two-hundred day moving average of $18.05.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, November 8th. Nomad Foods’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

NOMD has been the topic of several research analyst reports. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Barclays lowered their price target on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday.

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.