Nomad Foods (NYSE:NOMD - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of €1.72-1.77 for the period, compared to the consensus earnings per share estimate of $1.76. The company issued revenue guidance of +1-2% yr/yr to ~€3.08-3.11, compared to the consensus revenue estimate of $3.12 billion. Nomad Foods also updated its FY 2024 guidance to 1.890-1.945 EPS.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NOMD. Deutsche Bank Aktiengesellschaft lowered their price target 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. StockNews.com cut Nomad Foods from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Barclays cut their price target 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.
Read Our Latest Analysis on NOMD
Nomad Foods Trading Up 2.6 %
Shares of NYSE:NOMD traded up $0.43 during mid-day trading on Thursday, hitting $16.68. The company had a trading volume of 1,326,838 shares, compared to its average volume of 594,354. 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 has a one year low of $15.76 and a one year high of $20.05. The firm has a fifty day moving average price of $18.24 and a 200 day moving average price of $17.99. The company has a market capitalization of $2.72 billion, a PE ratio of 12.99 and a beta of 0.79.
Nomad Foods Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.60%. Nomad Foods's payout ratio is currently 44.44%.
About Nomad Foods
(
Get Free Report)
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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