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 earnings per share (EPS) guidance of 1.890-1.945 for the period, compared to the consensus 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

NOMD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Barclays dropped their price objective on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, StockNews.com lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Nomad Foods Price Performance

Nomad Foods stock opened at $16.46 on Friday. The business has a 50 day simple moving average of $18.18 and a 200 day simple moving average of $17.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. The company has a market capitalization of $2.68 billion, a PE ratio of 12.19 and a beta of 0.79. Nomad Foods has a one year low of $15.76 and a one year high of $20.05.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.65%. Nomad Foods’s payout ratio is presently 44.44%.

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.