Conagra Brands (NYSE:CAG) Issues FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $2.60-2.65 for the period, compared to the consensus EPS estimate of $2.61.

Wall Street Analyst Weigh In

Several research firms have weighed in on CAG. Evercore ISI lowered their price target on Conagra Brands from $32.00 to $31.00 and set a neutral rating on the stock in a research report on Friday, July 12th. Barclays cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a research report on Friday, July 12th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Thursday. Bank of America reduced their price objective on Conagra Brands from $34.00 to $33.00 and set a neutral rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group began coverage on Conagra Brands in a research report on Monday, August 12th. They issued a buy rating and a $36.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $31.00.

Conagra Brands Trading Down 2.4 %

NYSE CAG opened at $29.35 on Friday. The stock has a market capitalization of $14.03 billion, a P/E ratio of 40.21, a P/E/G ratio of 2.95 and a beta of 0.32. Conagra Brands has a one year low of $25.16 and a one year high of $33.24. The business has a 50 day simple moving average of $31.29 and a 200 day simple moving average of $30.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts expect that Conagra Brands will post 2.61 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.40 annualized dividend and a dividend yield of 4.77%. Conagra Brands’s payout ratio is 191.78%.

Insider Activity

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the transaction, the chief operating officer now owns 161,443 shares in the company, valued at approximately $4,890,108.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.

About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.