Equities research analysts predict that Nomad Foods Ltd (NYSE:NOMD) will announce $689.39 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nomad Foods’ earnings, with the lowest sales estimate coming in at $678.85 million and the highest estimate coming in at $697.37 million. Nomad Foods posted sales of $598.51 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.2%. The firm is expected to issue its next earnings results on Thursday, March 28th.
According to Zacks, analysts expect that Nomad Foods will report full year sales of $2.47 billion for the current financial year, with estimates ranging from $2.46 billion to $2.47 billion. For the next year, analysts anticipate that the firm will post sales of $2.64 billion, with estimates ranging from $2.63 billion to $2.65 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Nomad Foods.
Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $531.00 million for the quarter, compared to analysts’ expectations of $514.37 million. Nomad Foods had a return on equity of 10.44% and a net margin of 8.19%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share.
NOMD stock traded up $0.02 during mid-day trading on Tuesday, reaching $20.50. The company had a trading volume of 124,713 shares, compared to its average volume of 1,203,157. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 1.36. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 0.98 and a beta of 0.89. Nomad Foods has a one year low of $14.32 and a one year high of $21.45.
Several institutional investors and hedge funds have recently modified their holdings of NOMD. Fort L.P. acquired a new position in shares of Nomad Foods during the second quarter valued at $126,000. Toronto Dominion Bank acquired a new position in shares of Nomad Foods during the second quarter valued at $158,000. Carlson Capital Management acquired a new position in shares of Nomad Foods during the third quarter valued at $203,000. First Mercantile Trust Co. increased its holdings in shares of Nomad Foods by 48.4% during the second quarter. First Mercantile Trust Co. now owns 11,190 shares of the company’s stock valued at $215,000 after purchasing an additional 3,650 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in shares of Nomad Foods during the third quarter valued at $227,000. 73.16% of the stock is currently owned by institutional investors.
Nomad Foods Company Profile
Nomad Foods Limited manufactures and distributes frozen foods in Western Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.
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