Nomad Foods Limited (NOMD) Given Daily News Impact Score of 0.09
Media stories about Nomad Foods Limited (NYSE:NOMD) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nomad Foods Limited earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.12602465678 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities analysts recently weighed in on the company. UBS AG restated a “buy” rating and issued a $17.00 price target on shares of Nomad Foods Limited in a research note on Tuesday, June 13th. Zacks Investment Research lowered Nomad Foods Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, ValuEngine lowered Nomad Foods Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Nomad Foods Limited has an average rating of “Buy” and a consensus price target of $15.25.
Shares of Nomad Foods Limited (NYSE NOMD) opened at 14.97 on Friday. Nomad Foods Limited has a 1-year low of $9.00 and a 1-year high of $15.49. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of 33.34. The firm’s 50-day moving average price is $14.72 and its 200 day moving average price is $13.16.
Nomad Foods Limited (NYSE:NOMD) last issued its earnings results on Friday, August 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Nomad Foods Limited had a net margin of 3.56% and a return on equity of 7.93%. The company had revenue of $458.10 million during the quarter, compared to analysts’ expectations of $459.51 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Nomad Foods Limited will post $1.10 earnings per share for the current fiscal year.
Nomad Foods Limited declared that its Board of Directors has initiated a share buyback plan on Monday, June 12th that authorizes the company to repurchase $105.10 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through a private placement purchase. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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Nomad Foods Limited Company Profile
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys 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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