Conagra Brands (CAG) to Release Earnings on Wednesday

Conagra Brands (NYSE:CAG) will issue its quarterly earnings data before the market opens on Wednesday, October 2nd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Conagra Brands has set its FY 2025 guidance at 2.600-2.650 EPS and its FY25 guidance at $2.60-2.65 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business earned $0.62 EPS. Conagra Brands’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts expect Conagra Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Conagra Brands Trading Down 0.1 %

Shares of NYSE CAG opened at $32.47 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.33 and a current ratio of 0.97. Conagra Brands has a 52-week low of $25.16 and a 52-week high of $33.24. The firm has a 50 day moving average price of $31.16 and a two-hundred day moving average price of $30.20. The stock has a market cap of $15.52 billion, a P/E ratio of 44.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.32.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, August 1st. Conagra Brands’s payout ratio is 191.78%.

Wall Street Analysts Forecast Growth

CAG has been the subject of several research analyst reports. Evercore ISI reduced their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Stifel Nicolaus reduced their price target on Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Barclays reduced their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company cut their price target on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and an average price target of $31.10.

Insider Buying and Selling at Conagra Brands

In related news, COO Thomas M. Mcgough sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.

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.