Conagra Brands (NYSE:CAG) Issues Quarterly Earnings Results

Conagra Brands (NYSE:CAG) posted its quarterly earnings data on Thursday. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02, RTT News reports. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Conagra Brands updated its FY25 guidance to $2.45-2.50 EPS and its FY 2025 guidance to 2.450-2.500 EPS.

Conagra Brands Trading Up 1.1 %

Shares of NYSE:CAG opened at $27.11 on Friday. The business has a 50-day moving average price of $28.26 and a 200-day moving average price of $29.54. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.91 and a beta of 0.31. Conagra Brands has a 52-week low of $26.21 and a 52-week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 135.92%.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company decreased their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America reduced their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday. Finally, Citigroup dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.88.

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.