Nomad Foods Limited (NYSE:NOMD) is scheduled to be releasing its earnings data before the market opens on Thursday, August 24th. Analysts expect Nomad Foods Limited to post earnings of $0.22 per share for the quarter.

Nomad Foods Limited (NYSE:NOMD) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Nomad Foods Limited had a return on equity of 7.56% and a net margin of 2.13%. The firm had revenue of $531.30 million during the quarter, compared to analysts’ expectations of $534.03 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect Nomad Foods Limited to post $1.04 EPS for the current fiscal year and $1.16 EPS for the next fiscal year.

Nomad Foods Limited (NYSE NOMD) opened at 14.91 on Thursday. Nomad Foods Limited has a 1-year low of $9.00 and a 1-year high of $15.03. The stock has a 50 day moving average price of $14.22 and a 200 day moving average price of $12.51. The stock has a market cap of $2.71 billion and a PE ratio of 55.02.

Nomad Foods Limited announced that its board has authorized a share buyback program on Monday, June 12th that allows the company to repurchase $105.10 million in shares. This repurchase authorization allows the company to buy shares of its stock through a private placement purchase. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have recently weighed in on NOMD shares. Zacks Investment Research cut Nomad Foods Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS AG reissued a “buy” rating and issued a $17.00 price objective on shares of Nomad Foods Limited in a research report on Tuesday, June 13th. Finally, ValuEngine cut Nomad Foods Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.25.

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About Nomad Foods Limited

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.

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