Nomad Foods (NYSE:NOMD) Issues FY25 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of €1.81-1.85 for the period, compared to the consensus EPS estimate of $1.89. Nomad Foods also updated its FY 2025 guidance to 1.990-2.030 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NOMD. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Mizuho cut their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $15.86 on Tuesday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.92 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods has a one year low of $15.43 and a one year high of $20.05. The company’s 50-day moving average is $17.08 and its 200 day moving average is $17.81.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

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.