Analysts predict that Nomad Foods Ltd (NYSE:NOMD) will announce $614.28 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Nomad Foods’ earnings. The highest sales estimate is $633.86 million and the lowest is $595.06 million. Nomad Foods posted sales of $582.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The firm is scheduled to announce its next earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Nomad Foods will report full year sales of $2.65 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.65 billion. For the next financial year, analysts expect that the firm will report sales of $2.71 billion, with estimates ranging from $2.69 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Nomad Foods.
Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. The company had revenue of $617.80 million during the quarter, compared to analyst estimates of $613.77 million. Nomad Foods had a return on equity of 10.27% and a net margin of 5.83%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share.
Several large investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department increased its holdings in shares of Nomad Foods by 15.5% in the first quarter. State of Tennessee Treasury Department now owns 1,435,862 shares of the company’s stock valued at $29,364,000 after purchasing an additional 192,536 shares during the last quarter. AlphaCrest Capital Management LLC increased its holdings in shares of Nomad Foods by 142.3% in the first quarter. AlphaCrest Capital Management LLC now owns 31,500 shares of the company’s stock valued at $644,000 after purchasing an additional 18,500 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Nomad Foods by 180.6% in the first quarter. NumerixS Investment Technologies Inc now owns 20,200 shares of the company’s stock valued at $418,000 after purchasing an additional 13,000 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Nomad Foods by 32.5% in the first quarter. Envestnet Asset Management Inc. now owns 53,479 shares of the company’s stock valued at $1,094,000 after purchasing an additional 13,106 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Nomad Foods by 11.2% in the first quarter. Wells Fargo & Company MN now owns 3,988,190 shares of the company’s stock valued at $81,558,000 after purchasing an additional 401,486 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.
NOMD traded down $0.29 during trading on Wednesday, reaching $21.34. The stock had a trading volume of 1,354,857 shares, compared to its average volume of 1,150,154. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. Nomad Foods has a one year low of $15.87 and a one year high of $21.81.
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.
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