Nomad Foods (NYSE:NOMD) Updates FY25 Earnings Guidance

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

Nomad Foods Trading Up 5.2 %

NOMD opened at $16.63 on Wednesday. The company has a fifty day moving average price of $17.06 and a two-hundred day moving average price of $17.81. Nomad Foods has a 1-year low of $15.43 and a 1-year high of $20.05. The company has a market cap of $2.71 billion, a P/E ratio of 12.50 and a beta of 0.79. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s payout ratio is 45.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NOMD. Mizuho reduced their price objective on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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.

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.