Nomad Foods (NYSE:NOMD – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.604-1.779 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on NOMD. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a report on Wednesday, May 13th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Nomad Foods in a research note on Tuesday, July 21st. Finally, Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.
Read Our Latest Analysis on Nomad Foods
Nomad Foods Trading Down 0.7%
Nomad Foods (NYSE:NOMD – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company had revenue of $825.94 million for the quarter, compared to analysts’ expectations of $822.17 million. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, research analysts anticipate that Nomad Foods will post 1.75 EPS for the current fiscal year.
Nomad Foods Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.0%. Nomad Foods’s payout ratio is 66.02%.
Insider Buying and Selling at Nomad Foods
In related news, CEO Dominic Brisby purchased 150,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the transaction, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at $6,625,813.26. This trade represents a 28.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.27% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NOMD. Osaic Holdings Inc. increased its position in shares of Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after acquiring an additional 1,240 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Nomad Foods in the 3rd quarter worth approximately $43,000. Empowered Funds LLC purchased a new position in Nomad Foods during the 4th quarter worth approximately $115,000. Northwestern Mutual Wealth Management Co. raised its stake in Nomad Foods by 4,342.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,552 shares of the company’s stock valued at $119,000 after purchasing an additional 9,337 shares during the period. Finally, Arizona PSPRS Trust acquired a new stake in Nomad Foods during the 3rd quarter valued at $121,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.
About Nomad Foods
Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.
Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.
See Also
- Five stocks we like better than Nomad Foods
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.
