Nomad Foods (NYSE:NOMD) Issues FY 2021 Earnings Guidance

Nomad Foods (NYSE:NOMD) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $1.810-$1.867 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.820. The company issued revenue guidance of -.

Shares of NYSE NOMD traded down $0.05 during midday trading on Thursday, hitting $27.89. The company’s stock had a trading volume of 1,076 shares, compared to its average volume of 748,558. The stock has a fifty day moving average price of $27.30 and a 200 day moving average price of $28.26. Nomad Foods has a one year low of $22.44 and a one year high of $31.85. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 19.96 and a beta of 0.71.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Nomad Foods had a net margin of 8.49% and a return on equity of 13.01%. The company had revenue of $596.00 million for the quarter, compared to analyst estimates of $594.65 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that Nomad Foods will post 1.83 earnings per share for the current fiscal year.

Several brokerages recently commented on NOMD. Jefferies Financial Group reaffirmed a buy rating on shares of Nomad Foods in a research note on Monday, September 13th. Citigroup began coverage on shares of Nomad Foods in a research note on Wednesday, October 6th. They set a buy rating and a $34.00 price objective for the company. BTIG Research reaffirmed a buy rating and set a $35.00 price objective on shares of Nomad Foods in a research note on Friday, August 6th. Finally, Zacks Investment Research cut shares of Nomad Foods from a hold rating to a sell rating in a research note on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to, Nomad Foods presently has a consensus rating of Buy and an average price target of $32.57.

An institutional investor recently raised its position in Nomad Foods stock. Morgan Stanley lifted its holdings in Nomad Foods Limited (NYSE:NOMD) by 13.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 125,453 shares of the company’s stock after acquiring an additional 15,218 shares during the quarter. Morgan Stanley owned 0.07% of Nomad Foods worth $3,547,000 at the end of the most recent quarter. Institutional investors and hedge funds own 76.96% of the company’s stock.

Nomad Foods Company Profile

Nomad Foods Ltd. operates as a holding company, which manufactures and sells frozen foods for human consumption. It offers its products under the brands LUTOSA, la Cocinera, Birds Eye, Iglo, and Findus. The company was founded by Noam Gottesman and Sir Martin E. Franklin in April 2014 and is headquartered in Middlesex, the United Kingdom.

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Earnings History and Estimates for Nomad Foods (NYSE:NOMD)

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