Nomad Foods (NYSE:NOMD – Get Free Report) posted its earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08, Zacks reports. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm had revenue of $825.94 million for the quarter, compared to analyst estimates of $822.17 million. During the same quarter in the prior year, the company earned $0.40 EPS. Nomad Foods’s revenue was down 3.1% on a year-over-year basis. 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 Trading Up 3.3%
Nomad Foods stock traded up $0.38 during trading hours on Thursday, reaching $11.78. 2,755,054 shares of the company’s stock traded hands, compared to its average volume of 1,612,907. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.43 and a beta of 0.69. The firm’s 50 day moving average is $11.19 and its 200-day moving average is $10.83. Nomad Foods has a fifty-two week low of $8.99 and a fifty-two week high of $15.91.
Nomad Foods Announces Dividend
Insider Buying and Selling
In related news, CEO Dominic Brisby purchased 150,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the purchase, the chief executive officer directly owned 676,794 shares in the company, valued at $6,625,813.26. This trade represents a 28.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.27% of the company’s stock.
Institutional Investors Weigh In On Nomad Foods
Several large investors have recently bought and sold shares of NOMD. Alliancebernstein L.P. lifted its holdings in Nomad Foods by 0.4% during the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock worth $124,546,000 after acquiring an additional 27,177 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Nomad Foods by 2.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company’s stock worth $23,228,000 after acquiring an additional 48,060 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Nomad Foods by 7.3% during the third quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock worth $22,534,000 after acquiring an additional 117,089 shares during the period. Qube Research & Technologies Ltd boosted its stake in Nomad Foods by 18.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,412,060 shares of the company’s stock worth $18,569,000 after purchasing an additional 216,527 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Nomad Foods by 39.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,355,241 shares of the company’s stock worth $17,821,000 after purchasing an additional 384,828 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NOMD. Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 target price on shares of Nomad Foods in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research report on Wednesday, May 13th. Finally, Barclays increased their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.25.
Get Our Latest Stock Analysis on Nomad Foods
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.
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