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

Nomad Foods (NYSE:NOMD - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.070-2.150 for the period, compared to the consensus earnings per share estimate of 1.880. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Barclays upped their price target on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday.

Nomad Foods Stock Performance

Shares of NYSE NOMD traded down $0.21 during midday trading on Tuesday, reaching $18.45. 941,138 shares of the stock were exchanged, compared to its average volume of 650,053. The firm has a 50-day simple moving average of $19.51 and a two-hundred day simple moving average of $18.17. Nomad Foods has a twelve month low of $15.43 and a twelve month high of $20.81. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 13.87 and a beta of 0.81. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $822.31 million for the quarter, compared to analyst estimates of $769.39 million. Nomad Foods had a return on equity of 10.38% and a net margin of 6.54%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, analysts anticipate that Nomad Foods will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.69%. The ex-dividend date is Monday, May 12th. Nomad Foods's payout ratio is 45.33%.

Nomad Foods Company Profile

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.