Conagra Brands (NYSE:CAG) Updates FY25 Earnings Guidance

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

Conagra Brands Trading Up 0.6 %

Shares of NYSE CAG opened at $32.72 on Wednesday. Conagra Brands has a 12-month low of $25.16 and a 12-month high of $33.24. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 44.82, a price-to-earnings-growth ratio of 2.95 and a beta of 0.32. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $31.28 and its 200 day simple moving average is $30.27.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts expect that Conagra Brands will post 2.61 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.28%. Conagra Brands’s dividend payout ratio is currently 191.78%.

Wall Street Analysts Forecast Growth

CAG has been the subject of a number of analyst reports. Barclays reduced their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a research report on Friday, July 12th. Wells Fargo & Company reduced their price target on Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. Bank of America boosted their price target on Conagra Brands from $31.00 to $34.00 and gave the stock a neutral rating in a research report on Tuesday, September 17th. Royal Bank of Canada reduced their price target on Conagra Brands from $30.00 to $29.00 and set a sector perform rating for the company in a research report on Friday, July 12th. Finally, Evercore ISI reduced their price target on Conagra Brands from $32.00 to $31.00 and set a neutral rating for the company in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Conagra Brands presently has an average rating of Hold and a consensus target price of $31.10.

Insider Activity

In other news, COO Thomas M. Mcgough sold 40,000 shares of the company’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 sale, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at $4,890,108.47. The sale was disclosed in a document filed with the SEC, which is available at 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.