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

Conagra Brands (NYSE:CAG - Get Free Report) updated its FY 2025 earnings guidance on Saturday. The company provided earnings per share guidance of 2.600-2.650 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Evercore ISI reduced their target price on shares of Conagra Brands from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, July 12th. Bank of America reduced their target price on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, October 3rd. Citigroup reduced their target price on shares of Conagra Brands from $32.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, June 28th. Finally, The Goldman Sachs Group began coverage on shares of Conagra Brands in a report on Monday, August 12th. They issued a "buy" rating and a $36.00 target price for the company. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.63.

Conagra Brands Price Performance

Shares of CAG stock traded up $0.01 on Friday, reaching $30.32. The company's stock had a trading volume of 5,561,849 shares, compared to its average volume of 4,778,772. The stock's fifty day simple moving average is $31.15 and its 200-day simple moving average is $30.29. Conagra Brands has a 1 year low of $26.62 and a 1 year high of $33.24. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.07). The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.84 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Analysts forecast that Conagra Brands will post 2.59 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 4.62%. Conagra Brands's dividend payout ratio is presently 191.78%.

Insider Buying and Selling

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction 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 approximately $4,890,108.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

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.