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

Conagra Brands (NYSE:CAG - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 2.450-2.500 for the period, compared to the consensus earnings per share estimate of 2.580. The company issued revenue guidance of -. Conagra Brands also updated its FY25 guidance to $2.45-2.50 EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. Citigroup reduced their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 11th. BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Wells Fargo & Company dropped 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 decreased their price objective on Conagra Brands from $34.00 to $33.00 and set a "neutral" rating on the stock in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.38.

Conagra Brands Trading Down 2.0 %

CAG stock traded down $0.56 during midday trading on Thursday, reaching $26.81. The company's stock had a trading volume of 8,235,366 shares, compared to its average volume of 4,797,397. The business's 50-day simple moving average is $28.26 and its 200-day simple moving average is $29.54. The stock has a market cap of $12.80 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.31. Conagra Brands has a 52 week low of $26.21 and a 52 week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86.

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

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.22%. Conagra Brands's dividend payout ratio (DPR) is presently 135.92%.

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.