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

Key Points

• Nomad Foods has updated its FY 2025 earnings guidance, projecting an EPS of 1.890-2.020 for the period.
• The company's latest quarterly earnings report showed a net margin of 7.35% and a revenue of $879.27 million, exceeding analyst expectations.
• Nomad Foods announced a quarterly dividend of $0.17, resulting in an annual yield of 4.3% with a payout ratio of 45.33%.

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 1.890-2.020 for the period. The company issued revenue guidance of -.

Nomad Foods Trading Down 5.1%

NOMD stock traded down $0.83 during trading on Monday, hitting $15.32. 648,278 shares of the company traded hands, compared to its average volume of 1,079,434. The company has a 50-day moving average of $17.16 and a 200-day moving average of $18.26. The firm has a market capitalization of $2.35 billion, a PE ratio of 10.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. Nomad Foods has a 1 year low of $14.87 and a 1 year high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%. The company had revenue of $879.27 million during the quarter, compared to analyst estimates of $762.81 million. During the same quarter last year, the company earned $0.44 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. Analysts predict that Nomad Foods will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, August 11th. Nomad Foods's dividend payout ratio (DPR) is 46.58%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Nomad Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays cut their target price on Nomad Foods from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Mizuho dropped their price target on Nomad Foods from $26.00 to $23.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th.

Hedge Funds Weigh In On Nomad Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in Nomad Foods in the 2nd quarter worth $221,000. Jane Street Group LLC raised its holdings in Nomad Foods by 50.2% during the first quarter. Jane Street Group LLC now owns 75,847 shares of the company's stock valued at $1,490,000 after acquiring an additional 25,358 shares during the period. Royal Bank of Canada raised its holdings in Nomad Foods by 9.2% during the first quarter. Royal Bank of Canada now owns 143,968 shares of the company's stock valued at $2,829,000 after acquiring an additional 12,131 shares during the period. Finally, Millennium Management LLC raised its holdings in Nomad Foods by 81.3% during the first quarter. Millennium Management LLC now owns 656,686 shares of the company's stock valued at $12,904,000 after acquiring an additional 294,386 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

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.