Analysts expect Nomad Foods Ltd (NYSE:NOMD) to announce $702.02 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Nomad Foods’ earnings, with the highest sales estimate coming in at $702.35 million and the lowest estimate coming in at $701.68 million. Nomad Foods posted sales of $701.58 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.1%. The business is expected to report its next quarterly earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Nomad Foods will report full year sales of $2.61 billion for the current fiscal year. For the next year, analysts forecast that the company will post sales of $2.67 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Nomad Foods.
Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Nomad Foods had a net margin of 6.35% and a return on equity of 9.63%. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $543.51 million. During the same quarter last year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.
Shares of NYSE:NOMD traded up $0.53 during trading on Thursday, reaching $20.33. The stock had a trading volume of 1,517,494 shares, compared to its average volume of 1,047,733. Nomad Foods has a 52 week low of $15.87 and a 52 week high of $23.06. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.58 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $20.95.
Hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB acquired a new position in Nomad Foods in the second quarter valued at $395,000. National Investment Services Inc. WI increased its stake in Nomad Foods by 27.6% in the second quarter. National Investment Services Inc. WI now owns 24,582 shares of the company’s stock valued at $525,000 after purchasing an additional 5,320 shares during the period. Raymond James Trust N.A. increased its stake in Nomad Foods by 4.9% in the second quarter. Raymond James Trust N.A. now owns 14,717 shares of the company’s stock valued at $314,000 after purchasing an additional 694 shares during the period. Boyd Watterson Asset Management LLC OH increased its stake in Nomad Foods by 43.3% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 15,692 shares of the company’s stock valued at $335,000 after purchasing an additional 4,744 shares during the period. Finally, Artemis Investment Management LLP increased its stake in Nomad Foods by 4.9% in the second quarter. Artemis Investment Management LLP now owns 353,843 shares of the company’s stock valued at $7,345,000 after purchasing an additional 16,529 shares during the period. 77.95% of the stock is currently owned by institutional investors and hedge funds.
Nomad Foods Company Profile
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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