Nomad Foods (NYSE:NOMD) Updates FY 2025 Earnings Guidance

Nomad Foods (NYSE:NOMD - Get Free Report) updated its FY 2025 earnings guidance on Saturday. The company provided earnings per share (EPS) guidance of 1.890-2.020 for the period, compared to the consensus estimate of 1.910. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

• 3 Mid-Caps Below $20 That Wall Street Loves

A number of equities research analysts have recently weighed in on NOMD shares. Mizuho reduced their price target on shares of Nomad Foods from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Barclays cut their target price on shares of Nomad Foods from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Zacks Research downgraded shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Nomad Foods in a research note on Friday, October 31st. Finally, BTIG Research reaffirmed a "buy" rating and issued a $18.00 target price on shares of Nomad Foods in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.67.

View Our Latest Stock Report on NOMD

Nomad Foods Trading Up 0.2%

• Nomad Foods: A Defensive Stock on the Move

NYSE NOMD opened at $12.21 on Friday. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.36 and a beta of 0.69. The business's 50-day moving average price is $12.60 and its two-hundred day moving average price is $15.55. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 0.81. Nomad Foods has a 12 month low of $11.04 and a 12 month high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Nomad Foods had a net margin of 6.93% and a return on equity of 10.26%. The firm had revenue of $881.94 million for the quarter, compared to analyst estimates of $760.75 million. During the same period in the prior year, the company posted $0.55 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect that Nomad Foods will post 1.82 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 10th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, November 10th. Nomad Foods's dividend payout ratio (DPR) is currently 47.22%.

Institutional Trading of Nomad Foods

Large investors have recently bought and sold shares of the business. Johnson Financial Group Inc. acquired a new stake in Nomad Foods in the 3rd quarter valued at $43,000. Osaic Holdings Inc. grew its holdings in shares of Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company's stock valued at $45,000 after buying an additional 1,240 shares during the last quarter. Arizona PSPRS Trust bought a new stake in shares of Nomad Foods during the third quarter worth about $121,000. Virtu Financial LLC bought a new position in Nomad Foods in the 3rd quarter valued at about $144,000. Finally, Cetera Investment Advisers bought a new position in Nomad Foods in the 2nd quarter valued at about $221,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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