Conagra Brands (NYSE:CAG) Updates FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.60-2.65 for the period, compared to the consensus earnings per share estimate of $2.61.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CAG shares. Stifel Nicolaus dropped their price target on Conagra Brands from $32.00 to $30.00 and set a hold rating for the company in a research note on Friday, July 12th. Bank of America lifted their price target on Conagra Brands from $31.00 to $34.00 and gave the stock a neutral rating in a research note on Tuesday, September 17th. Barclays dropped their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a research note on Friday, July 12th. Evercore ISI dropped their price target 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. Finally, Royal Bank of Canada dropped their price target on Conagra Brands from $30.00 to $29.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of Hold and an average target price of $31.10.

Conagra Brands Stock Up 0.6 %

CAG stock opened at $32.72 on Wednesday. Conagra Brands has a fifty-two week low of $25.16 and a fifty-two week high of $33.24. The business’s 50 day moving average price is $31.28 and its two-hundred day moving average price is $30.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.33 and a current ratio of 0.97. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 44.82, a price-to-earnings-growth ratio of 2.95 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts forecast that Conagra Brands will post 2.61 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.28%. Conagra Brands’s dividend payout ratio is currently 191.78%.

Insider Transactions at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

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.