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

Nomad Foods (NYSE:NOMD) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.890-1.945 for the period, compared to the consensus EPS 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 5.7 %

NOMD traded up $0.93 during trading on Thursday, reaching $17.18. 585,469 shares of the company’s stock were exchanged, compared to its average volume of 590,999. The company’s fifty day moving average price is $18.24 and its 200-day moving average price is $17.99. The firm has a market capitalization of $2.80 billion, a PE ratio of 12.99 and a beta of 0.79. Nomad Foods has a fifty-two week low of $15.76 and a fifty-two week high of $20.05. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.49%. Nomad Foods’s dividend payout ratio is 44.44%.

Analysts Set New Price Targets

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

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.