Wall Street analysts expect Nomad Foods Ltd (NYSE:NOMD) to report sales of $588.53 million for the current quarter, according to Zacks. Three analysts have issued estimates for Nomad Foods’ earnings, with estimates ranging from $579.19 million to $596.52 million. Nomad Foods posted sales of $539.40 million during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The company is expected to announce its next earnings report on Tuesday, November 27th.
On average, analysts expect that Nomad Foods will report full year sales of $2.47 billion for the current fiscal year, with estimates ranging from $2.46 billion to $2.49 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.60 billion per share, with estimates ranging from $2.57 billion to $2.65 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Nomad Foods.
Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $488.20 million for the quarter, compared to analyst estimates of $482.81 million. Nomad Foods had a net margin of 8.19% and a return on equity of 10.44%. Nomad Foods’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in NOMD. Hennessy Advisors Inc. acquired a new position in shares of Nomad Foods during the first quarter valued at about $3,702,000. Wells Fargo & Company MN raised its holdings in shares of Nomad Foods by 5.1% in the 1st quarter. Wells Fargo & Company MN now owns 3,430,556 shares of the company’s stock worth $53,997,000 after acquiring an additional 166,106 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nomad Foods in the 1st quarter worth about $161,000. Zeke Capital Advisors LLC raised its holdings in shares of Nomad Foods by 22.7% in the 1st quarter. Zeke Capital Advisors LLC now owns 133,935 shares of the company’s stock worth $2,108,000 after acquiring an additional 24,744 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Nomad Foods in the 1st quarter worth about $541,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.
NOMD stock traded down $0.06 during midday trading on Wednesday, hitting $20.13. The stock had a trading volume of 414,300 shares, compared to its average volume of 1,151,378. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.00 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. Nomad Foods has a 1-year low of $14.00 and a 1-year high of $20.67.
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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