For its second fiscal quarter (ending June 30), Nomad Foods Ltd (NYSE: NOMD) has reported a 52% increase in E.P.S. from $0.31 a year ago to $0.47 in the current quarter. This performance was $0.02 better than the consensus estimate of $0.45. For the latest four quarters through June 30, E.P.S. were $1.38 compared to $1.32 a year ago — an increase of 5%.
Recent Price Action
Nomad Foods Ltd (NYSE: NOMD) stock rose modestly by 0.6% on 8/7/24. The stock closed at $18.61. Moreover, unusually high trading volume at 188% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NOMD is expected to continue to be a Value Builder.
Nomad Foods has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nomad Foods has a neutral Power Rating of 55 but a good Appreciation Score of 76, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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