Nomad Foods (NOMD) Set to Announce Earnings on Thursday

Nomad Foods (NYSE:NOMD) is set to release its earnings data before the market opens on Thursday, March 22nd. Analysts expect Nomad Foods to post earnings of $0.31 per share for the quarter.

Shares of Nomad Foods (NYSE:NOMD) opened at $16.64 on Thursday. The company has a market capitalization of $2,921.42, a P/E ratio of 24.47 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. Nomad Foods has a twelve month low of $10.77 and a twelve month high of $17.32.

Several research firms have recently commented on NOMD. SunTrust Banks increased their price objective on Nomad Foods to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded Nomad Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Berenberg Bank began coverage on Nomad Foods in a report on Thursday, November 16th. They set a “buy” rating and a $18.00 price target for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.25.

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Nomad Foods Company Profile

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.

Earnings History for Nomad Foods (NYSE:NOMD)

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