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

Nomad Foods (NYSE:NOMD) updated its FY 2024 earnings guidance on Thursday. 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 Down 1.5 %

Shares of Nomad Foods stock opened at $16.25 on Thursday. 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 has a twelve month low of $15.76 and a twelve month high of $20.05. The firm has a market capitalization of $2.65 billion, a PE ratio of 12.04 and a beta of 0.79. The firm’s 50-day moving average price is $18.24 and its 200 day moving average price is $17.99.

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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, November 8th. Nomad Foods’s dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

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