Conagra Brands (NYSE:CAG) Announces Quarterly Earnings Results

Conagra Brands (NYSE:CAG) released its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01), Zacks reports. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the business posted $0.69 earnings per share. Conagra Brands’s revenue was down 6.3% on a year-over-year basis. Conagra Brands updated its FY25 guidance to approx $2.35 EPS.

Conagra Brands Stock Down 0.3 %

Shares of NYSE:CAG opened at $26.71 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a 50 day moving average of $25.74 and a 200-day moving average of $27.47. Conagra Brands has a one year low of $23.06 and a one year high of $33.24.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. Conagra Brands’s payout ratio is presently 137.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAG shares. Stifel Nicolaus dropped their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Citigroup cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, Morgan Stanley initiated coverage on Conagra Brands in a research report on Monday, March 24th. They set an “equal weight” rating and a $27.00 price target on the stock. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.20.

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.