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 guidance of $2.60-2.65 for the period, compared to the consensus earnings per share estimate of $2.61.

Conagra Brands Price Performance

NYSE:CAG opened at $30.08 on Thursday. 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 stock’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $30.26. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 2.95 and a beta of 0.32. Conagra Brands has a 12-month low of $25.16 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.07). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. Conagra Brands’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts anticipate that Conagra Brands will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 4.65%. Conagra Brands’s dividend payout ratio is 191.78%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CAG shares. Citigroup dropped their price objective on Conagra Brands from $32.00 to $30.00 and set a neutral rating on the stock in a research note on Friday, June 28th. Barclays lowered their target price on Conagra Brands from $34.00 to $33.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Stifel Nicolaus lowered their target price on Conagra Brands from $32.00 to $30.00 and set a hold rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company lowered their target price on Conagra Brands from $32.00 to $31.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada lowered their target price on Conagra Brands from $30.00 to $29.00 and set a sector perform rating on the stock in a research note on Friday, July 12th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Conagra Brands has a consensus rating of Hold and an average price target of $31.10.

Insider Buying and Selling

In related news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now 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 Securities & Exchange Commission, which is available at this link. 0.88% of the stock is currently owned by company insiders.

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.