Nomad Foods (NYSE:NOMD) Releases FY25 Earnings Guidance

Nomad Foods (NYSE:NOMD - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. 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.

Analysts Set New Price Targets

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

Nomad Foods Price Performance

Shares of Nomad Foods stock traded up $0.82 during trading on Tuesday, reaching $16.63. The company's stock had a trading volume of 808,182 shares, compared to its average volume of 602,023. The stock has a 50-day moving average price of $17.06 and a two-hundred day moving average price of $17.81. The stock has a market capitalization 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 has a one year low of $15.43 and a one year high of $20.05.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods's dividend payout ratio (DPR) is presently 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.