Nomad Foods (NOMD) Projected to Post Quarterly Earnings on Monday

Nomad Foods (NYSE:NOMD) is expected to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $789.63 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Nomad Foods Price Performance

Shares of NOMD stock opened at $19.06 on Wednesday. The company has a market capitalization of $3.11 billion, a PE ratio of 14.33 and a beta of 0.79. The firm has a fifty day simple moving average of $17.16 and a 200-day simple moving average of $17.79. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods has a twelve month low of $15.43 and a twelve month high of $20.05.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.17 dividend. The ex-dividend date is Monday, February 10th. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.57%. Nomad Foods’s dividend payout ratio is 51.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NOMD shares. Barclays decreased their target price on shares of Nomad Foods from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Mizuho reduced their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. 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.