Conagra Brands (CAG) to Release Earnings on Wednesday

Conagra Brands (NYSE:CAG) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 2nd. Analysts expect Conagra Brands to post earnings of $0.59 per share for the quarter. Conagra Brands has set its FY 2025 guidance at 2.600-2.650 EPS and its FY25 guidance at $2.60-2.65 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts expect Conagra Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Conagra Brands Trading Up 0.2 %

NYSE:CAG opened at $32.52 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33. Conagra Brands has a fifty-two week low of $25.16 and a fifty-two week high of $33.24. The stock’s 50-day moving average is $31.22 and its two-hundred day moving average is $30.23. The stock has a market cap of $15.55 billion, a PE ratio of 44.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.32.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 annualized dividend and a yield of 4.31%. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price target on Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 12th. Barclays reduced their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Bank of America lifted their price target on Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Citigroup reduced their price target on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Finally, Wells Fargo & Company reduced their price target on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $31.10.

Insiders Place Their Bets

In other 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 value of $1,211,600.00. Following the completion of the sale, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at $4,890,108.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.

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.