Nomad Foods (NYSE:NOMD) Updates 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 EPS guidance of 1.890-2.020 for the period. The company issued revenue guidance of -.

Nomad Foods Stock Performance

Shares of NOMD traded up $0.46 on Thursday, reaching $15.74. 4,568,338 shares of the company's stock traded hands, compared to its average volume of 822,389. The stock has a market cap of $2.41 billion, a PE ratio of 10.49 and a beta of 0.72. The stock's 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $18.26. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Nomad Foods has a 52-week low of $14.87 and a 52-week high of $20.81.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $879.27 million for the quarter, compared to analyst estimates of $762.81 million. Nomad Foods had a net margin of 7.35% and a return on equity of 10.60%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, analysts forecast that Nomad Foods will post 1.82 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a $0.17 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 4.3%. Nomad Foods's dividend payout ratio (DPR) is currently 45.33%.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of recent analyst reports. 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 shares of Nomad Foods from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Finally, Mizuho reduced their target price on shares of Nomad Foods from $26.00 to $23.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th.

Institutional Investors Weigh In On Nomad Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in Nomad Foods by 81.3% in 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 last quarter. Jane Street Group LLC raised its holdings in shares of Nomad Foods by 50.2% during the first quarter. Jane Street Group LLC now owns 75,847 shares of the company's stock worth $1,490,000 after purchasing an additional 25,358 shares during the period. Finally, Royal Bank of Canada boosted its stake in Nomad Foods by 9.2% in 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. Hedge funds and other institutional investors own 75.26% of the company's stock.

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.

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