Somewhat Critical Press Coverage Somewhat Unlikely to Affect Nomad Foods Limited (NYSE:NOMD) Stock Price

Headlines about Nomad Foods Limited (NYSE:NOMD) have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nomad Foods Limited earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4383364717159 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Separately, Zacks Investment Research cut Nomad Foods Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.00.

Shares of Nomad Foods Limited (NYSE:NOMD) opened at $14.81 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.09 and a quick ratio of 0.68. The firm has a market capitalization of $2,550.00 and a PE ratio of 16.27. Nomad Foods Limited has a fifty-two week low of $9.00 and a fifty-two week high of $15.49.

Nomad Foods Limited (NYSE:NOMD) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $458.10 million during the quarter, compared to the consensus estimate of $459.51 million. Nomad Foods Limited had a return on equity of 7.93% and a net margin of 3.56%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. analysts anticipate that Nomad Foods Limited will post 1.11 earnings per share for the current fiscal year.

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About Nomad Foods Limited

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.

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