Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

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

Analyst Upgrades and Downgrades

CAG has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research report on Monday, August 12th. They set a buy rating and a $36.00 price objective for the company. Citigroup cut their price target on shares of Conagra Brands from $32.00 to $30.00 and set a neutral rating for the company in a report on Friday, June 28th. BNP Paribas upgraded Conagra Brands to a strong-buy rating in a report on Thursday. Wells Fargo & Company cut their target price on Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Finally, Barclays reduced their target price 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 investment 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. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $31.00.

Conagra Brands Trading Up 0.6 %

CAG opened at $29.52 on Friday. Conagra Brands has a 52 week low of $25.16 and a 52 week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $31.29 and a 200-day simple moving average of $30.26. The firm has a market cap of $14.11 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.95 and a beta of 0.32.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands’s dividend payout ratio (DPR) is currently 191.78%.

Insiders Place Their Bets

In related news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands 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 completion of the transaction, the chief operating officer now directly owns 161,443 shares in the company, valued at approximately $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 is accessible through this hyperlink. 0.88% of the stock is owned by company insiders.

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.