Nomad Foods (NYSE:NOMD – Get Free Report) updated its FY 2023 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.68-$1.71 for the period, compared to the consensus estimate of $1.69. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on NOMD. Citigroup lowered 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 Thursday, August 10th. StockNews.com raised Nomad Foods from a hold rating to a buy rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $22.00.
View Our Latest Stock Report on Nomad Foods
Nomad Foods Trading Down 0.8 %
Shares of Nomad Foods stock opened at $15.28 on Friday. The stock has a fifty day simple moving average of $17.27 and a 200 day simple moving average of $17.81. Nomad Foods has a 12-month low of $12.50 and a 12-month high of $19.76. The company has a market capitalization of $2.67 billion, a P/E ratio of 12.22 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.
Nomad Foods (NYSE:NOMD – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $811.11 million during the quarter, compared to the consensus estimate of $815.57 million. Nomad Foods had a return on equity of 11.21% and a net margin of 6.88%. On average, sell-side analysts anticipate that Nomad Foods will post 1.69 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nomad Foods
Large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Nomad Foods in the 2nd quarter worth about $30,000. Lazard Asset Management LLC increased its holdings in Nomad Foods by 117.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,897 shares of the company’s stock worth $32,000 after acquiring an additional 1,025 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Nomad Foods by 2,753.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,623 shares of the company’s stock worth $81,000 after acquiring an additional 4,461 shares during the last quarter. State of Wyoming increased its holdings in Nomad Foods by 18.0% in the 4th quarter. State of Wyoming now owns 9,221 shares of the company’s stock worth $159,000 after acquiring an additional 1,404 shares during the last quarter. Finally, American Trust purchased a new stake in Nomad Foods in the 4th quarter worth about $191,000. Hedge funds and other institutional investors own 74.44% of the company’s stock.
Nomad Foods Company Profile
(Get Free Report)
Nomad Foods Limited manufactures, markets, and distributes a range of frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, Serbia, Croatia, Switzerland, and rest of Europe. 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.
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