Conagra Brands (NYSE:CAG) Updates FY25 Earnings Guidance

Conagra Brands (NYSE:CAG - Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.45-2.50 for the period, compared to the consensus EPS estimate of $2.58. Conagra Brands also updated its FY 2025 guidance to 2.450-2.500 EPS.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CAG. Citigroup cut their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Wednesday, December 11th. BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. Wells Fargo & Company lowered 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 research report on Tuesday. Finally, Bank of America reduced their target price on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Conagra Brands currently has an average rating of "Hold" and an average price target of $31.38.

Conagra Brands Trading Down 2.0 %

Shares of Conagra Brands stock traded down $0.56 during trading on Thursday, hitting $26.81. The stock had a trading volume of 8,235,366 shares, compared to its average volume of 4,797,397. The stock has a market cap of $12.80 billion, a PE ratio of 26.03, a PEG ratio of 2.91 and a beta of 0.31. Conagra Brands has a 12 month low of $26.21 and a 12 month high of $33.24. The firm's fifty day simple moving average is $28.26 and its 200-day simple moving average is $29.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that Conagra Brands will post 2.58 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands's payout ratio is currently 135.92%.

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.