Conagra Brands (NYSE:CAG) Updates FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.45-2.50 for the period, compared to the consensus EPS estimate of $2.58. Conagra Brands also updated its FY 2025 guidance to 2.450-2.500 EPS.

Conagra Brands Stock Up 1.1 %

Shares of NYSE:CAG opened at $27.11 on Friday. 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. The business’s 50 day moving average is $28.26 and its 200 day moving average is $29.54. Conagra Brands has a 12-month low of $26.21 and a 12-month 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 (NYSE:CAG) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts forecast that Conagra Brands will post 2.58 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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

Analysts Set New Price Targets

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

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.