Nomad Foods Limited (NOMD) To Go Ex-Dividend on May 12th

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, May 12th will be given a dividend of 0.17 per share on Thursday, May 28th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, May 12th.

Nomad Foods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Nomad Foods to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 37.4%.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $9.45 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.34 billion, a PE ratio of 9.17 and a beta of 0.69. Nomad Foods has a twelve month low of $9.17 and a twelve month high of $19.32. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $11.42.

Nomad Foods (NYSE:NOMD) last issued its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million during the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.06%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities analysts forecast that Nomad Foods will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BTIG Research cut their target price on shares of Nomad Foods from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th. Finally, Mizuho cut their target price on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.50.

Nomad Foods Company Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.