Nomad Foods (NOMD) Releases FY19 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of EUR 1.18-1.21 for the period, compared to the Thomson Reuters consensus estimate of $1.21. Nomad Foods also updated its FY 2019 guidance to $1.32-1.37 EPS.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Nomad Foods from a buy rating to a hold rating in a research note on Wednesday, March 6th. UBS Group set a $25.00 price target on shares of Nomad Foods and gave the stock a buy rating in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of Nomad Foods from a c rating to a b rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $23.50.

Shares of NYSE:NOMD traded down $0.12 during trading on Friday, hitting $21.25. 29,003 shares of the company were exchanged, compared to its average volume of 1,149,355. The company has a market capitalization of $4.05 billion, a PE ratio of 15.18, a P/E/G ratio of 1.47 and a beta of 1.26. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. Nomad Foods has a 12-month low of $15.87 and a 12-month high of $21.81.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The business had revenue of $617.80 million during the quarter, compared to the consensus estimate of $613.77 million. Nomad Foods had a net margin of 7.93% and a return on equity of 10.02%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, equities research analysts predict that Nomad Foods will post 1.41 EPS for the current fiscal year.

WARNING: “Nomad Foods (NOMD) Releases FY19 Earnings Guidance” was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/nomad-foods-nomd-releases-fy19-earnings-guidance.html.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of 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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Earnings History and Estimates for Nomad Foods (NYSE:NOMD)

Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.