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

Nomad Foods (NYSE:NOMD) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share guidance of 1.890-2.020 for the period, compared to the consensus earnings per share estimate of 1.910. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have commented on NOMD. Mizuho lowered their price objective on Nomad Foods from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. BTIG Research restated a “buy” rating and issued a $18.00 price target on shares of Nomad Foods in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Friday, October 31st. Barclays reduced their price objective on shares of Nomad Foods from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.67.

Nomad Foods Stock Performance

NYSE NOMD opened at $12.21 on Friday. Nomad Foods has a fifty-two week low of $11.04 and a fifty-two week high of $20.81. The stock has a market cap of $1.87 billion, a PE ratio of 8.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.63 and a current ratio of 1.02. The firm’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $15.55.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $881.94 million for the quarter, compared to the consensus estimate of $760.75 million. Nomad Foods had a return on equity of 10.26% and a net margin of 6.93%.The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities analysts expect that Nomad Foods will post 1.82 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, November 10th. Nomad Foods’s payout ratio is 47.22%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its stake in shares of Nomad Foods by 0.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after acquiring an additional 27,177 shares in the last quarter. Wellington Management Group LLP boosted its stake in Nomad Foods by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock valued at $22,534,000 after purchasing an additional 117,089 shares during the last quarter. Two Sigma Investments LP increased its holdings in Nomad Foods by 39.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,355,241 shares of the company’s stock worth $17,821,000 after purchasing an additional 384,828 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Nomad Foods by 164.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,195,533 shares of the company’s stock worth $20,312,000 after purchasing an additional 742,813 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Nomad Foods by 5.4% in the third quarter. Vanguard Group Inc. now owns 928,714 shares of the company’s stock valued at $12,213,000 after purchasing an additional 47,866 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

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.