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

Nomad Foods (NYSE:NOMD) is scheduled to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Nomad Foods to post earnings of $0.47 per share for the quarter. Nomad Foods has set its FY24 guidance at €1.75 to €1.80 EPS and its FY 2024 guidance at 1.890-1.950 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $850.90 million during the quarter, compared to analyst estimates of $858.61 million. Nomad Foods had a net margin of 6.10% and a return on equity of 9.68%. 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 Up 2.3 %

Nomad Foods stock opened at $18.47 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 15.39 and a beta of 0.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.73 and a current ratio of 1.14. The firm’s 50 day moving average price is $17.32 and its two-hundred day moving average price is $18.11. Nomad Foods has a twelve month low of $13.56 and a twelve month high of $20.05.

Analysts Set New Price Targets

Several research firms have weighed in on NOMD. Mizuho upped their price objective on shares of Nomad Foods from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Barclays decreased their target price on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, July 19th.

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.