Nomad Foods Limited (NYSE:NOMD – Get Rating) – Research analysts at Jefferies Financial Group decreased their Q3 2022 earnings per share (EPS) estimates for shares of Nomad Foods in a note issued to investors on Thursday, September 15th. Jefferies Financial Group analyst R. Dickerson now anticipates that the company will post earnings of $0.45 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Nomad Foods' current full-year earnings is $1.77 per share. Jefferies Financial Group also issued estimates for Nomad Foods' Q4 2022 earnings at $0.39 EPS, FY2022 earnings at $1.69 EPS, Q3 2023 earnings at $0.46 EPS, Q4 2023 earnings at $0.43 EPS, FY2023 earnings at $1.84 EPS and FY2024 earnings at $2.04 EPS.
Get Nomad Foods alerts:A number of other research analysts have also recently weighed in on NOMD. StockNews.com cut Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, September 2nd. Mizuho lowered their price objective on Nomad Foods from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, September 2nd. Finally, Credit Suisse Group lowered their price objective on Nomad Foods to $25.00 in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.
Nomad Foods Trading Down 2.6 %
Nomad Foods stock opened at $16.91 on Monday. Nomad Foods has a 52-week low of $16.47 and a 52-week high of $28.92. The company has a quick ratio of 0.60, a current ratio of 1.07 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.92 billion, a P/E ratio of 12.62 and a beta of 0.63. The business has a 50-day simple moving average of $18.26 and a two-hundred day simple moving average of $19.66.Nomad Foods (NYSE:NOMD – Get Rating) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The business had revenue of $697.00 million during the quarter, compared to the consensus estimate of $681.73 million. Nomad Foods had a return on equity of 11.35% and a net margin of 7.68%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in NOMD. Brown Brothers Harriman & Co. purchased a new position in Nomad Foods in the 2nd quarter worth approximately $25,000. Prospera Financial Services Inc purchased a new position in Nomad Foods in the 1st quarter worth approximately $27,000. Herold Advisors Inc. purchased a new position in Nomad Foods in the 1st quarter worth approximately $68,000. Capital Advisors Ltd. LLC lifted its holdings in Nomad Foods by 69.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,330 shares of the company's stock worth $75,000 after purchasing an additional 1,366 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Nomad Foods by 9.2% in the 4th quarter. SG Americas Securities LLC now owns 4,786 shares of the company's stock worth $122,000 after purchasing an additional 402 shares in the last quarter. 92.55% of the stock is owned by hedge funds and other institutional investors.
Nomad Foods Company Profile
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Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers.
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