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

Nomad Foods (NYSE:NOMD) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.890-1.945 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of -. Nomad Foods also updated its FY24 guidance to €1.72-1.77 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com cut Nomad Foods from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays cut their price target on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut 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 note on Monday, November 4th.

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $16.25 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.73 and a current ratio of 1.17. Nomad Foods has a one year low of $15.76 and a one year high of $20.05. The company has a 50-day simple moving average of $18.24 and a 200-day simple moving average of $17.99. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 12.04 and a beta of 0.79.

Nomad Foods Announces Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, November 8th. Nomad Foods’s dividend payout ratio (DPR) is presently 44.44%.

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.