Conagra Brands (NYSE:CAG) Updates FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY25 earnings guidance on Friday 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CAG shares. Evercore ISI dropped their target price on Conagra Brands from $32.00 to $31.00 and set a neutral rating for the company in a report on Friday, July 12th. Royal Bank of Canada dropped their target price on shares of Conagra Brands from $30.00 to $29.00 and set a sector perform rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group initiated coverage on Conagra Brands in a research note on Monday. They set a buy rating and a $36.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $32.00 to $31.00 and set an equal weight rating on the stock in a report on Wednesday, July 10th. Finally, Stifel Nicolaus reduced their target price on Conagra Brands from $32.00 to $30.00 and set a hold rating on the stock in a report on Friday, July 12th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Conagra Brands currently has a consensus rating of Hold and a consensus target price of $31.45.

Conagra Brands Stock Performance

NYSE CAG opened at $30.15 on Monday. Conagra Brands has a fifty-two week low of $25.16 and a fifty-two week high of $31.82. The stock has a market cap of $14.41 billion, a PE ratio of 41.30, a PEG ratio of 2.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.33 and a current ratio of 0.97. The firm’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $29.36.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, July 11th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company earned $0.62 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Conagra Brands will post 2.61 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 1st will be issued a $0.35 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.64%. Conagra Brands’s dividend payout ratio is presently 191.78%.

Insider Activity at Conagra Brands

In related news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the sale, the executive vice president now owns 113,254 shares in the company, valued at $3,439,523.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is owned by 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.