Nomad Foods (NOMD) to Release Earnings on Thursday

Nomad Foods (NYSE:NOMD) will be releasing 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 listening to the company’s earnings conference call can do so using this link.

Nomad Foods Trading Down 2.5 %

Shares of NOMD stock opened at $16.49 on Wednesday. Nomad Foods has a fifty-two week low of $15.76 and a fifty-two week high of $20.05. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.69 billion, a P/E ratio of 12.41 and a beta of 0.79. The stock has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $18.02.

Nomad Foods Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Nomad Foods from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays reduced their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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.

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.