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

Key Points

• Nomad Foods has updated its FY 2025 earnings guidance, projecting an EPS range of 1.890 to 2.020, slightly below the consensus estimate of 1.990.
• The company recently announced a quarterly dividend of $0.17 per share, equating to an annualized yield of 5.3% and a dividend payout ratio of 46.58%.
• Research analysts have recently adjusted their price targets on Nomad Foods, with ratings ranging from "buy" to "outperform," and an average price target of $19.75.

Nomad Foods (NYSE:NOMD - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.890-2.020 for the period, compared to the consensus estimate of 1.990. The company issued revenue guidance of -.

Nomad Foods Trading Down 2.1%

Shares of Nomad Foods stock opened at $12.93 on Friday. The stock has a 50 day moving average of $15.42 and a 200 day moving average of $17.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.70. Nomad Foods has a fifty-two week low of $12.90 and a fifty-two week high of $20.81.

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

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Nomad Foods's dividend payout ratio (DPR) is 46.58%.

Wall Street Analyst Weigh In

NOMD has been the topic of a number of research reports. Mizuho lowered their price target on Nomad Foods from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. BTIG Research reduced their price target on shares of Nomad Foods from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Finally, Barclays dropped their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Nomad Foods currently has an average rating of "Buy" and an average target price of $19.75.

Institutional Trading of Nomad Foods

A number of large investors have recently made changes to their positions in NOMD. Osaic Holdings Inc. lifted its stake in Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company's stock worth $45,000 after acquiring an additional 1,240 shares during the last quarter. State of Wyoming increased its position in shares of Nomad Foods by 88.5% in the 2nd quarter. State of Wyoming now owns 17,844 shares of the company's stock valued at $303,000 after purchasing an additional 8,378 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Nomad Foods by 1,342.3% in the 2nd quarter. Headlands Technologies LLC now owns 14,899 shares of the company's stock valued at $253,000 after purchasing an additional 13,866 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Nomad Foods during the 2nd quarter worth $321,000. Finally, Captrust Financial Advisors lifted its position in shares of Nomad Foods by 12.7% during the 2nd quarter. Captrust Financial Advisors now owns 18,481 shares of the company's stock worth $314,000 after purchasing an additional 2,084 shares during the last quarter. 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.

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