Nomad Foods Limited (NOMD) To Go Ex-Dividend on November 10th

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.17 per share on Friday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, November 10th.

Nomad Foods has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nomad Foods to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 41.0%.

Nomad Foods Trading Down 2.2%

NOMD opened at $11.76 on Friday. Nomad Foods has a fifty-two week low of $8.99 and a fifty-two week high of $13.08. The firm has a market capitalization of $1.64 billion, a PE ratio of 10.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.11 and a quick ratio of 0.66. The company’s 50-day moving average is $11.34 and its 200 day moving average is $11.02.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. Nomad Foods had a return on equity of 8.63% and a net margin of 4.46%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, research analysts predict that Nomad Foods will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NOMD shares. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research report on Thursday. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Barclays increased their price target on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 price objective on shares of Nomad Foods in a research note on Wednesday, October 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.80.

About Nomad Foods

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods’ portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella’s, Aunt Bessie’s and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella’s in 2018 and Aunt Bessie’s in 2020.