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

Nomad Foods (NYSE:NOMD) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.890-1.945 for the period, compared to the consensus 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 Trading Up 3.4 %

NYSE NOMD opened at $16.81 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 12.45 and a beta of 0.79. Nomad Foods has a 12 month low of $15.76 and a 12 month high of $20.05. The stock has a 50 day moving average of $18.24 and a 200-day moving average of $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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. Nomad Foods’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

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

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.