Nomad Foods (NYSE:NOMD) Updates FY25 Earnings Guidance

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho lowered their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th.

Nomad Foods Trading Up 1.6 %

Shares of NYSE:NOMD opened at $15.86 on Tuesday. The stock has a 50 day moving average of $17.08 and a 200 day moving average of $17.81. The company has a market cap of $2.58 billion, a PE ratio of 11.92 and a beta of 0.79. Nomad Foods has a 12-month low of $15.43 and a 12-month high of $20.05. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 3.78%. Nomad Foods’s payout ratio is 45.11%.

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.