Nomad Foods Limited produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagna, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods. The company sells its products to supermarkets and food retail chains directly or through distribution arrangements primarily under the Birds Eye, Iglo, Findus, Goodfella's, La Cocinera, San Marco, and Aunt Bessie's brands. Nomad Foods Limited was incorporated in 2014 and is headquartered in Feltham, the United Kingdom.
IPO Year: 2016
Exchange: NYSE
Website: nomadfoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2023 | $21.00 | Neutral → Buy | Goldman |
| 1/5/2023 | $25.00 → $20.00 | Outperform → Neutral | Credit Suisse |
| 3/30/2022 | $26.00 | Buy | UBS |
| 2/25/2022 | $33.00 → $30.00 | Buy | Deutsche Bank |
| 2/25/2022 | $30.00 → $29.00 | Outperform | Credit Suisse |
| 1/27/2022 | $31.00 | Buy | Mizuho |
| 11/5/2021 | $36.00 → $29.00 | Buy → Neutral | Goldman Sachs |
| 10/6/2021 | $29.00 → $34.00 | Buy | Citigroup |
WOKING, England, Nov. 20, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference to be held in New York City on Tuesday, December 3, 2024 at 3:45 PM Eastern time. A live audio webcast of the fireside chat will be made available on Nomad Foods' website at www.nomadfoods.com. An archive of the webcast will be available following the event through the same website. EnquiriesInvestor Relations ContactJason [email protected] Media ContactElaine McCrimmon, Group Corporate A
Balanced growth strategy delivers volume & value gains Revenue growth of +0.8% with Adjusted EPS +28% YoY to €0.55 Full year 2024 guidance reduced following a temporary ERP disruption WOKING, England, Nov. 14, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three and nine month periods ended September 30, 2024. Key operating highlights and financial performance for the third quarter 2024, when compared to the third quarter 2023, include: Reported revenue increased 0.8% to €770 million Organic revenue growth of 0.3% with volume growth of 0.7%, despite an approximate 2.5% temporary headwind related to greater than expected ERP disruptions Adjust
WOKING, England, Oct. 31, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced it will report results for the third quarter ended September 30, 2024 before New York Stock Exchange market open on Thursday, November 14, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, November 14, 2024. To participate on the live call listeners in North America may dial +1-866-250-8117 and international listeners may dial +1-412-317-6011. Additionally, there will be a presentation to accompany the conference call
WOKING, England, Oct. 29, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on the Company's issued and outstanding ordinary shares. The dividend will be payable on November 26, 2024 to shareholders of record as of the close of business on November 8, 2024. About Nomad Foods Nomad Foods (NYSE:NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals f
WOKING, England, Aug. 20, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, will present at the Barclays Global Consumer Staples Conference to be held in Boston, MA on Tuesday, September 3, 2024 at 3:00 p.m. ET. A live audio webcast of the presentation will be made available on Nomad Foods' website at www.nomadfoods.com. An archive of the webcast will be available following the event through the same website. EnquiriesInvestor Relations ContactJason Englishinvestor
Volume recovery on-track; Revenue growth of +1.1% with Adjusted EPS of €0.44 Reiterates full year 2024 financial guidance WOKING, England, Aug. 7, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three and six month period ended June 30, 2024. Key operating highlights and financial performance for the second quarter 2024, when compared to the second quarter 2023, include: Reported revenue increased 1.1% to €753 million Organic revenue growth of 0.5% Adjusted EBITDA increased 5.3% to €139 million Adjusted EPS of €0.44Management CommentsStéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased to report strong 2Q results t
WOKING, England, July 30, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on the Company's issued and outstanding ordinary shares. The dividend will be payable on August 26, 2024 to shareholders of record as of the close of business on August 10, 2024. About Nomad Foods Nomad Foods (NYSE:NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headqu
WOKING, England, July 24, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced it will report results for the second quarter ended June 30, 2024 before New York Stock Exchange market open on Wednesday, August 7, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Wednesday, August 7, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international list
WOKING, England, May 28, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced the appointment of Ruben Baldew as Chief Financial Officer, effective June 17, 2024 (subject to, and conditioned upon, receipt of applicable work authorizations). Mr. Baldew will succeed Samy Zekhout, who is leaving his position to explore new opportunities outside of Nomad Foods. Mr. Zekhout will remain with the Company until July 31, 2024 to assist in the orderly transition of his duties. Mr. Baldew joins Nomad Foods with over 20 years of global consumer products experience, most r
Volume recovery on-track; Revenue growth of +1.1% with Adjusted EPS of €0.37 Reiterates full year 2024 financial guidance WOKING, England, May 9, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three month period ended March 31, 2024. Key operating highlights and financial performance for the first quarter 2024, when compared to the first quarter 2023, include: Reported revenue increased 1.1% to €784 million Organic revenue growth of 0.3% Adjusted EBITDA decreased 16.4% to €122 million Adjusted EPS of €0.37Management CommentsStéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased with the solid start to the year as ou
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Barclays analyst Lauren Lieberman maintains Nomad Foods (NYSE:NOMD) with a Overweight and lowers the price target from $22 to $21.
Mizuho analyst John Baumgartner maintains Nomad Foods (NYSE:NOMD) with a Buy and raises the price target from $26 to $28.
2024 Guidance For the full year 2024, the Company continues to expect organic revenue growth of 3%-4%, driven by positive volume/mix, Adjusted EBITDA growth of 4%-6%, and Adjusted EPS of €1.75-€1.80, implying growth of 9-12%. Based on USD/EUR exchange rate as of May 1st, this translates into 2024 Adjusted EPS of $1.87-$1.93. The Company expects full year cash flow conversion in the range of 90% to 95%.
Nomad Foods (NYSE:NOMD) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.37 by 8.65 percent. The company reported quarterly sales of $851.142 million which beat the analyst consensus estimate of $788.175 million by 7.99 percent. This is a 2.32 percent increase over sales of $831.869 million the same period last year.
2024 full year guidance For the full year 2024, the Company expects organic net revenue growth of 3%-4%, driven by positive volume/mix, adjusted EBITDA growth of 4%-6%, and adjusted EPS of €1.75-€1.80, implying growth of 9-12%. Based on USD/EUR exchange rate as of February 17th, this translates into 2024 adjusted EPS of $1.89-$1.95. The Company expects full year cash flow conversion in the range of 90% to 95%.
Nomad Foods (NYSE:NOMD) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.34 by 1.18 percent. This is a 1.18 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $818.92 million which missed the analyst consensus estimate of $834.19 million by 1.83 percent. This is a 6.95 percent increase over sales of $765.72 million the same period last year.
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Nomad Foods (NYSE:NOMD) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement. Analysts estimate that Nomad Foods will report an earnings per share (EPS) of $0.34. Nomad Foods bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.06, which was followed by a 1.42% drop in the share pr
6-K - Nomad Foods Ltd (0001651717) (Filer)
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6-K - Nomad Foods Ltd (0001651717) (Filer)
6-K - Nomad Foods Ltd (0001651717) (Filer)
6-K - Nomad Foods Ltd (0001651717) (Filer)
6-K - Nomad Foods Ltd (0001651717) (Filer)
6-K - Nomad Foods Ltd (0001651717) (Filer)
6-K - Nomad Foods Ltd (0001651717) (Filer)
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Goldman upgraded Nomad Foods from Neutral to Buy and set a new price target of $21.00
Credit Suisse downgraded Nomad Foods from Outperform to Neutral and set a new price target of $20.00 from $25.00 previously
UBS initiated coverage of Nomad Foods with a rating of Buy and set a new price target of $26.00
Deutsche Bank reiterated coverage of Nomad Foods with a rating of Buy and set a new price target of $30.00 from $33.00 previously
Credit Suisse reiterated coverage of Nomad Foods with a rating of Outperform and set a new price target of $29.00 from $30.00 previously
Mizuho initiated coverage of Nomad Foods with a rating of Buy and set a new price target of $31.00
Goldman Sachs downgraded Nomad Foods from Buy to Neutral and set a new price target of $29.00 from $36.00 previously
Citigroup resumed coverage of Nomad Foods with a rating of Buy and set a new price target of $34.00 from $29.00 previously
Credit Suisse reiterated coverage of Nomad Foods with a rating of Outperform and set a new price target of $32.00 from $31.00 previously
Barclays reiterated coverage of Nomad Foods with a rating of Overweight and set a new price target of $31.00 from $28.00 previously
Balanced growth strategy delivers volume & value gains Revenue growth of +0.8% with Adjusted EPS +28% YoY to €0.55 Full year 2024 guidance reduced following a temporary ERP disruption WOKING, England, Nov. 14, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three and nine month periods ended September 30, 2024. Key operating highlights and financial performance for the third quarter 2024, when compared to the third quarter 2023, include: Reported revenue increased 0.8% to €770 million Organic revenue growth of 0.3% with volume growth of 0.7%, despite an approximate 2.5% temporary headwind related to greater than expected ERP disruptions Adjust
WOKING, England, Oct. 31, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced it will report results for the third quarter ended September 30, 2024 before New York Stock Exchange market open on Thursday, November 14, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, November 14, 2024. To participate on the live call listeners in North America may dial +1-866-250-8117 and international listeners may dial +1-412-317-6011. Additionally, there will be a presentation to accompany the conference call
WOKING, England, Oct. 29, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on the Company's issued and outstanding ordinary shares. The dividend will be payable on November 26, 2024 to shareholders of record as of the close of business on November 8, 2024. About Nomad Foods Nomad Foods (NYSE:NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals f
Volume recovery on-track; Revenue growth of +1.1% with Adjusted EPS of €0.44 Reiterates full year 2024 financial guidance WOKING, England, Aug. 7, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three and six month period ended June 30, 2024. Key operating highlights and financial performance for the second quarter 2024, when compared to the second quarter 2023, include: Reported revenue increased 1.1% to €753 million Organic revenue growth of 0.5% Adjusted EBITDA increased 5.3% to €139 million Adjusted EPS of €0.44Management CommentsStéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased to report strong 2Q results t
WOKING, England, July 30, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on the Company's issued and outstanding ordinary shares. The dividend will be payable on August 26, 2024 to shareholders of record as of the close of business on August 10, 2024. About Nomad Foods Nomad Foods (NYSE:NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headqu
WOKING, England, July 24, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced it will report results for the second quarter ended June 30, 2024 before New York Stock Exchange market open on Wednesday, August 7, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Wednesday, August 7, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international list
Volume recovery on-track; Revenue growth of +1.1% with Adjusted EPS of €0.37 Reiterates full year 2024 financial guidance WOKING, England, May 9, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today reported financial results for the three month period ended March 31, 2024. Key operating highlights and financial performance for the first quarter 2024, when compared to the first quarter 2023, include: Reported revenue increased 1.1% to €784 million Organic revenue growth of 0.3% Adjusted EBITDA decreased 16.4% to €122 million Adjusted EPS of €0.37Management CommentsStéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased with the solid start to the year as ou
WOKING, England, April 30, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on the Company's issued and outstanding ordinary shares. The dividend will be payable on May 28, 2024 to shareholders of record as of the close of business on May 9, 2024. About Nomad Foods Nomad Foods (NYSE:NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartere
WOKING, England, April 26, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD), today announced it will report results for the first quarter ended March 31, 2024 before New York Stock Exchange market open on Thursday, May 9, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, May 9, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international listeners may dial +1-201-389-0879. Additionally, there will be a presentation to accompany the conference call and the call i
Delivers record-high net sales and Adjusted EBITDA; Full year Adjusted EPS of €1.61 Affirms strong 2024 financial guidance FELTHAM, England, Feb. 29, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) (the "Company" or "Nomad Foods"), today reported financial results for the three and twelve-month periods ended December 31, 2023. The Company finished the year on excellent footing and given the ongoing sequential improvement in its monthly trends, the business is on track to return to positive volume growth in 2024. Key operating highlights and financial performance for the fourth quarter 2023, when compared to the fourth quarter 2022, include: Reported revenue increased 1.4% to €761 m
WOKING, England, May 28, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE:NOMD) today announced the appointment of Ruben Baldew as Chief Financial Officer, effective June 17, 2024 (subject to, and conditioned upon, receipt of applicable work authorizations). Mr. Baldew will succeed Samy Zekhout, who is leaving his position to explore new opportunities outside of Nomad Foods. Mr. Zekhout will remain with the Company until July 31, 2024 to assist in the orderly transition of his duties. Mr. Baldew joins Nomad Foods with over 20 years of global consumer products experience, most r
Nomad Foods Limited (NYSE:NOMD) today announced that it has appointed Golnar Khosrowshahi and Melanie Stack to its Board of Directors. They are expected to replace Jeremy Isaacs and Simon White, who have served as Nomad Foods board members since 2016 and will not stand for re-election at the company's annual general meeting on June 30, 2021. "We are delighted to welcome Golnar and Melanie to our Board of Directors," said Noam Gottesman, Nomad Foods' Co-Chairman and Founder. "They bring a wealth of experience which will complement our existing leadership and support Nomad's long-term growth strategy and ambition of delivering superior value creation for all stakeholders. We thank Jeremy and