Nomad Foods (NYSE:NOMD) Updates FY 2025 Earnings Guidance

Nomad Foods (NYSE:NOMD) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.940-1.980 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOMD. Barclays lifted their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Mizuho boosted their price objective on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Nomad Foods Stock Down 0.7 %

NOMD opened at $20.40 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $17.59 and a 200-day moving average price of $17.86. Nomad Foods has a twelve month low of $15.43 and a twelve month high of $20.81. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.34 and a beta of 0.77.

Nomad Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a dividend of $0.17 per share. This is a boost from Nomad Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Monday, February 10th. Nomad Foods’s dividend payout ratio is currently 45.03%.

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.