Conagra Brands (NYSE:CAG) Issues FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.60-2.65 for the period, compared to the consensus earnings per share estimate of $2.61.

Conagra Brands Trading Up 0.6 %

NYSE CAG opened at $29.52 on Friday. Conagra Brands has a 1 year low of $25.16 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33. The company has a market capitalization of $14.11 billion, a PE ratio of 40.43, a P/E/G ratio of 2.95 and a beta of 0.32. The company has a fifty day moving average of $31.29 and a 200 day moving average of $30.26.

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

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 4.74%. Conagra Brands’s dividend payout ratio is presently 191.78%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAG. Citigroup decreased their target price on shares of Conagra Brands from $32.00 to $30.00 and set a neutral rating for the company in a research note on Friday, June 28th. Bank of America decreased their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a neutral rating for the company in a research report on Thursday. Wells Fargo & Company dropped their target price on Conagra Brands from $32.00 to $31.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group began coverage on Conagra Brands in a report on Monday, August 12th. They issued a buy rating and a $36.00 price target for the company. Finally, Barclays lowered their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating on the stock in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Conagra Brands presently has a consensus rating of Hold and an average target price of $31.00.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the firm’s stock in a transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

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.