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.

Analyst Upgrades and Downgrades

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

Nomad Foods Stock Performance

Shares of NOMD opened at $16.81 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.74 billion, a PE ratio of 12.64 and a beta of 0.79. The stock has a fifty day moving average price of $17.05 and a 200-day moving average price of $17.81. Nomad Foods has a 12 month low of $15.43 and a 12 month high of $20.05.

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Friday, November 8th. Nomad Foods’s dividend payout ratio is currently 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.