Conagra Brands (NYSE:CAG) Issues FY 2025 Earnings Guidance

Conagra Brands (NYSE:CAG - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.350-2.350 for the period, compared to the consensus EPS estimate of 2.350. The company issued revenue guidance of -.

Conagra Brands Stock Up 0.7 %

Shares of Conagra Brands stock traded up $0.17 during trading on Monday, hitting $26.15. 1,283,717 shares of the stock were exchanged, compared to its average volume of 5,118,926. Conagra Brands has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The firm's 50-day moving average price is $25.71 and its 200 day moving average price is $27.10.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The company's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.35%. Conagra Brands's payout ratio is 205.88%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Barclays boosted their target price on Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a report on Friday, December 20th. Finally, Stifel Nicolaus lowered their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.90.

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.