Nomad Foods (NOMD) Set to Announce Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Nomad Foods to post earnings of $0.50 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $766.56 million. During the same period last year, the company posted $0.34 EPS. On average, analysts expect Nomad Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nomad Foods Stock Down 1.3 %

Shares of Nomad Foods stock opened at $17.85 on Tuesday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 14.51 and a beta of 0.77. The stock’s 50-day moving average is $19.00 and its 200 day moving average is $17.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 0.70. Nomad Foods has a one year low of $13.56 and a one year high of $20.05.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Wednesday, May 8th. Nomad Foods’s dividend payout ratio (DPR) is 48.78%.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on shares of Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.