News headlines about Nomad Foods Limited (NYSE:NOMD) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. 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 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6643607907778 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Nomad Foods Limited (NYSE:NOMD) traded up 2.79% during trading on Friday, reaching $14.39. 721,494 shares of the company traded hands. The firm has a market capitalization of $2.62 billion and a price-to-earnings ratio of 53.10. The company’s 50-day moving average price is $14.15 and its 200 day moving average price is $12.40. Nomad Foods Limited has a 52 week low of $9.00 and a 52 week high of $14.72.
Nomad Foods Limited (NYSE:NOMD) last issued its earnings results on Thursday, May 25th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Nomad Foods Limited had a return on equity of 7.56% and a net margin of 2.13%. The business had revenue of $531.30 million during the quarter, compared to analyst estimates of $534.03 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Nomad Foods Limited’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts expect that Nomad Foods Limited will post $1.04 EPS for the current year.
Nomad Foods Limited declared that its Board of Directors has authorized a share buyback program on Monday, June 12th that allows the company to repurchase $105.10 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through a private placement purchase. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Several analysts have recently commented on the stock. UBS AG reiterated a “buy” rating and issued a $17.00 target price on shares of Nomad Foods Limited in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Nomad Foods Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, June 7th. Finally, ValuEngine lowered shares of Nomad Foods Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $15.25.
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Nomad Foods Limited Company Profile
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys 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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