Nomad Foods (NOMD) Set to Announce Earnings on Thursday

Nomad Foods (NYSE:NOMD) will release its earnings data before the market opens on Thursday, November 14th. Analysts expect Nomad Foods to post earnings of $0.58 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $16.49 on Wednesday. The business has a fifty day simple moving average of $18.35 and a 200-day simple moving average of $18.02. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. Nomad Foods has a 52 week low of $15.76 and a 52 week high of $20.05. The company has a market cap of $2.69 billion, a P/E ratio of 12.41 and a beta of 0.79.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.64%. Nomad Foods’s payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NOMD shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com lowered Nomad Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays reduced their target price on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th.

Nomad Foods Company Profile

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.