Conagra Brands (NYSE:CAG) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Conagra Brands (NYSE:CAG) issued its quarterly earnings results on Thursday. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.71 EPS. Conagra Brands’s revenue for the quarter was down .4% compared to the same quarter last year. 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 Down 1.8 %

CAG opened at $27.37 on Thursday. The stock has a 50-day moving average of $28.31 and a 200 day moving average of $29.55. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. Conagra Brands has a 12 month low of $26.21 and a 12 month high of $33.24. The firm has a market cap of $13.06 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.91 and a beta of 0.31.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.12%. 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

Several analysts recently issued reports on the company. Citigroup cut their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Bank of America dropped their target price on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $31.38.

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.