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

Nomad Foods (NYSE:NOMD - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.890-1.945 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of Nomad Foods stock traded up $0.43 during trading hours on Thursday, reaching $16.68. The stock had a trading volume of 1,326,838 shares, compared to its average volume of 594,354. The stock's 50 day moving average is $18.24 and its 200 day moving average is $17.99. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. Nomad Foods has a twelve month low of $15.76 and a twelve month high of $20.05. The firm 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.60%. Nomad Foods's dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

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

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.