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

Conagra Brands (NYSE:CAG) updated its FY 2025 earnings guidance on Friday. 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 Price Performance

Shares of CAG stock traded up $0.16 during trading hours on Friday, hitting $31.20. 5,061,766 shares of the company’s stock were exchanged, compared to its average volume of 4,655,764. Conagra Brands has a fifty-two week low of $25.16 and a fifty-two week high of $31.82. The firm has a market cap of $14.92 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.65 and a beta of 0.32. 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 firm has a 50 day moving average of $29.73 and a two-hundred day moving average of $29.55.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Sell-side analysts forecast that Conagra Brands will post 2.61 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Thursday, August 1st. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CAG shares. Wells Fargo & Company reduced their price objective on shares of 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. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $32.00 to $30.00 and set a hold rating on the stock in a research report on Friday, July 12th. Evercore ISI dropped 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. Citigroup dropped their target price 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. Finally, Barclays cut their price target on shares of Conagra Brands from $34.00 to $33.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $30.90.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate 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.