Conagra Brands (NYSE:CAG – Get Free Report) updated its FY 2025 earnings guidance on Saturday. 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 Performance
Shares of CAG stock opened at $30.32 on Monday. 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. The business’s 50 day moving average is $31.15 and its two-hundred day moving average is $30.30. 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 12-month low of $26.62 and a 12-month high of $33.24.
Conagra Brands (NYSE:CAG – Get Free Report) 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). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm 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 EPS. Conagra Brands’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that Conagra Brands will post 2.59 EPS for the current fiscal year.
Conagra Brands Announces Dividend
Analyst Upgrades and Downgrades
Several research firms recently commented on CAG. Stifel Nicolaus cut their price target on Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 12th. Bank of America cut their price target on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.63.
Get Our Latest Research Report on CAG
Insider Transactions at Conagra Brands
In other 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 transaction 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 $4,890,108.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.
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