Conagra Brands (NYSE:CAG) Announces Earnings Results, Beats Estimates By $0.02 EPS

Conagra Brands (NYSE:CAG) posted its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02, RTT News reports. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Conagra Brands updated its FY25 guidance to $2.45-2.50 EPS and its FY 2025 guidance to 2.450-2.500 EPS.

Conagra Brands Price Performance

Conagra Brands stock opened at $27.11 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. The business has a 50 day simple moving average of $28.26 and a 200-day simple moving average of $29.54. Conagra Brands has a 12 month low of $26.21 and a 12 month high of $33.24. The stock has a market capitalization of $12.94 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.91 and a beta of 0.31.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s payout ratio is currently 135.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CAG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup dropped their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Bank of America 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 Friday. Finally, 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 report on Tuesday. 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.88.

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.