Separately, Zacks Investment Research lowered shares of Nomad Foods Limited from a strong-buy rating to a hold rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $15.75.
Nomad Foods Limited (NOMD) traded up $0.11 during midday trading on Thursday, reaching $14.78. 399,862 shares of the company’s stock traded hands, compared to its average volume of 950,356. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2,470.00 and a price-to-earnings ratio of 16.09. Nomad Foods Limited has a 52 week low of $9.00 and a 52 week high of $15.49.
Nomad Foods Limited (NYSE:NOMD) last posted its quarterly earnings results on Friday, August 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $458.10 million for the quarter, compared to analyst estimates of $459.51 million. Nomad Foods Limited had a net margin of 3.56% and a return on equity of 7.93%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. sell-side analysts forecast that Nomad Foods Limited will post 1.11 earnings per share for the current year.
Several institutional investors have recently modified their holdings of NOMD. Capital Fund Management S.A. acquired a new stake in shares of Nomad Foods Limited during the 2nd quarter valued at about $145,000. Empirical Finance LLC acquired a new stake in shares of Nomad Foods Limited during the 3rd quarter valued at about $152,000. Jane Street Group LLC acquired a new stake in shares of Nomad Foods Limited during the 3rd quarter valued at about $168,000. Balter Liquid Alternatives LLC acquired a new stake in shares of Nomad Foods Limited during the 2nd quarter valued at about $172,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Nomad Foods Limited during the 3rd quarter valued at about $174,000. Institutional investors and hedge funds own 80.02% of the company’s stock.
About Nomad Foods Limited
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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