Several analysts working on Wall Street have been looking at NOMD to post a sales sum of $761.11 million for the present quarter. According to reports from Zacks Investment Research, three of the research analysts have already provided estimates into the earnings of the company, with the ranges going from $729.29 million, all the way up to $788.12 million. Nomad Foods did post a sales sum of $696.01 million the previous year, which implies a positive annual growth rate of 9.4%. The company will be announcing its next earnings report on the 25th of February.
The Quarterly Earnings of NOMD
The stocks of NOMD did post their previous quarterly report on the 5th of November. The EPS reported by the company was $0.30 which was more than the consensus estimate set by Thomson Reuters. The net margin set on NOMD is 8.56%, with the return on its equity fixed at 10.37%. The revenue generated by the company over the quarter was $576.30 million, which was slightly lower than the analyst estimate of $577.87 million.
NOMD has been the topic of quite a few research reports. BTIG Research has already prescribed a rating of buy along with a price target of $30 on the shares of the company. UBS Group has also increased the price target of the company to $29, along with a buy rating that was issued in a note on the 6th of November. Zacks Investment also got in the game with a rating shifted downwards to hold in a note published on the 5th of January.
Two of the investment researchers working on the stocks of NOMD have issued the company with a rating of hold. On the other hand, nine other analysts have given the stocks a rating of buy. Currently, the stocks of NOMD have a buy rating, with a $26.80 price target.
