Conagra Brands (NYSE:CAG) Issues FY 2025 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 2.600-2.650 for the period, compared to the consensus EPS estimate of 2.610. The company issued revenue guidance of -.

Conagra Brands Stock Up 0.5 %

Shares of Conagra Brands stock opened at $31.20 on Friday. 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 has a 1 year low of $25.16 and a 1 year high of $31.82. The firm’s 50-day moving average is $29.73 and its two-hundred day moving average is $29.57. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.86 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that Conagra Brands will post 2.61 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, August 1st. Conagra Brands’s dividend payout ratio is currently 191.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CAG shares. Barclays decreased 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. Citigroup decreased their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a neutral rating for the company in a research report on Friday, June 28th. Wells Fargo & Company reduced their price target on shares of Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. Evercore ISI cut their target price on shares of Conagra Brands from $32.00 to $31.00 and set a neutral rating for the company in a report on Friday, July 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a report on Monday, August 12th. They set a buy rating and a $36.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of Hold and a consensus target price of $30.90.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the transaction, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

Conagra Brands Company Profile

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.