Nomad Foods (NYSE:NOMD) Issues FY 2024 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.890-1.945 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of -. Nomad Foods also updated its FY24 guidance to €1.72-1.77 EPS.

Nomad Foods Stock Down 1.8 %

Shares of Nomad Foods stock opened at $16.46 on Friday. The stock has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $17.98. Nomad Foods has a 52-week low of $15.76 and a 52-week high of $20.05. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.65%. Nomad Foods’s dividend payout ratio (DPR) is currently 44.44%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NOMD shares. Barclays cut their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

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.