Nomad Foods Limited (NOMD) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Nomad Foods Limited (NYSE:NOMD) issued its quarterly earnings results on Thursday. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $531.30 million during the quarter, compared to the consensus estimate of $534.03 million. During the same period last year, the company earned $0.29 earnings per share. Nomad Foods Limited’s revenue for the quarter was down 2.9% on a year-over-year basis.
Nomad Foods Limited (NYSE:NOMD) opened at 13.91 on Friday. The company’s 50-day moving average is $11.93 and its 200-day moving average is $10.84. Nomad Foods Limited has a one year low of $7.85 and a one year high of $14.27. The firm has a market cap of $2.53 billion and a PE ratio of 64.40.
A number of equities analysts have recently commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of Nomad Foods Limited in a report on Wednesday, April 5th. They set a “buy” rating and a $15.00 price objective for the company. Deutsche Bank AG initiated coverage on shares of Nomad Foods Limited in a research report on Wednesday, February 15th. They set a “buy” rating and a $13.00 price target for the company.
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