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

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

Wall Street Analysts Forecast Growth

CAG has been the subject of several research reports. Citigroup reduced their price objective on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Evercore ISI reduced their price objective on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company lifted their target price on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, 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 target price on the stock. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $31.63.

Conagra Brands Stock Up 0.0 %

Conagra Brands stock opened at $30.32 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. Conagra Brands has a 1-year low of $26.62 and a 1-year high of $33.24. The firm’s fifty day simple moving average is $31.15 and its 200-day simple moving average is $30.29. The company has a market capitalization of $14.49 billion, a P/E ratio of 41.53, a P/E/G ratio of 3.01 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Sell-side analysts forecast that Conagra Brands will post 2.59 earnings per share for the current fiscal 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 issued a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 4.62%. Conagra Brands’s dividend payout ratio (DPR) is currently 191.78%.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $4,890,108.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.

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.