Conagra Brands (NYSE:CAG – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Report on Conagra Brands
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.
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