Nomad Foods (NYSE:NOMD – Get Free Report) announced its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08, Zacks reports. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The company had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. During the same quarter last year, the firm posted $0.40 earnings per share. Nomad Foods’s revenue was down 3.1% compared to the same quarter last year. Nomad Foods updated its FY 2026 guidance to 1.604-1.779 EPS.
Here are the key takeaways from Nomad Foods’ conference call:
- Retailer disruptions in Germany and France are largely resolved, and Nomad expects improved sales and market-share performance in the third and fourth quarters. Management cautioned that returning to market-share neutrality will take more time.
- Private-label competitors have begun taking significant price increases, particularly in fish categories, but Nomad said it is still too early to assess the resulting elasticity and consumer sellout data.
- The company said its €200 million productivity program remains on track, supporting competitive pricing, a lower price index, and gross-margin improvement. Some quarterly overhead and marketing benefits were attributed to phasing and may reverse later in the year.
- Nomad has suspended share buybacks and is prioritizing deleveraging and lower interest costs, while continuing to pay dividends; management did not provide a target leverage ratio or timeline.
- Management plans to present a broad value-creation strategy at its October analyst and investor day, covering innovation, marketing, sales execution, productivity, and organizational changes aimed at improving long-term competitiveness.
Nomad Foods Price Performance
Nomad Foods stock traded down $0.04 during mid-day trading on Friday, hitting $10.62. 1,057,425 shares of the company were exchanged, compared to its average volume of 1,618,142. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.49 billion, a PE ratio of 10.42 and a beta of 0.69. The business has a fifty day moving average of $11.58 and a 200 day moving average of $10.64. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $13.48.
Nomad Foods Announces Dividend
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. 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 report on Monday, July 20th. Finally, BTIG Research reissued a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nomad Foods presently has a consensus rating of “Hold” and an average target price of $13.25.
Check Out Our Latest Report on Nomad Foods
Insiders Place Their Bets
In other news, CFO Ruben Baldew bought 28,290 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $11.85 per share, with a total value of $335,236.50. Following the purchase, the chief financial officer owned 367,172 shares of the company’s stock, valued at approximately $4,350,988.20. This represents a 8.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dominic Brisby bought 50,000 shares of the stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $12.38 per share, with a total value of $619,000.00. Following the acquisition, the chief executive officer directly owned 726,794 shares in the company, valued at approximately $8,997,709.72. This trade represents a 7.39% increase in their position. The disclosure for this purchase is available in the SEC filing. 17.27% of the stock is currently owned by company insiders.
About Nomad Foods
Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.
The company’s principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie’s and Goodfella’s, among other regional brands.
Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.
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