Nomad Foods (NOMD) Set to Announce Quarterly Earnings on Thursday

Nomad Foods (NYSE:NOMD) is scheduled to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Nomad Foods Trading Down 3.2 %

Shares of NYSE:NOMD opened at $16.90 on Tuesday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 12.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. The stock’s 50-day simple moving average is $18.39 and its two-hundred day simple moving average is $18.03. Nomad Foods has a 52-week low of $15.76 and a 52-week high of $20.05.

Nomad Foods Announces Dividend

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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.55%. Nomad Foods’s payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NOMD. StockNews.com cut Nomad Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays lowered their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

About Nomad Foods

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.