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 approx $2.35 for the period, compared to the consensus EPS estimate of $2.35.

Conagra Brands Stock Down 2.2 %

Shares of NYSE:CAG traded down $0.58 during trading on Tuesday, hitting $25.41. The company's stock had a trading volume of 2,696,818 shares, compared to its average volume of 5,087,958. The company has a market capitalization of $12.13 billion, a PE ratio of 24.92, a PEG ratio of 1.76 and a beta of 0.27. Conagra Brands has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock's 50-day moving average price is $25.73 and its two-hundred day moving average price is $27.36.

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

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Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a dividend yield of 5.51%. Conagra Brands's payout ratio is 205.88%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CAG shares. Royal Bank of Canada restated a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Bank of America reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Citigroup reduced their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Finally, Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.90.

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.