Conagra Brands (NYSE:CAG) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.63-2.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. Conagra Brands also updated its FY 2022
Pre-Market guidance to 2.63-2.73 EPS.
CAG opened at $37.24 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. Conagra Brands has a 52-week low of $30.12 and a 52-week high of $39.34. The company has a 50 day moving average of $36.31 and a two-hundred day moving average of $35.81. The company has a market cap of $18.19 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.86 and a beta of 0.86.
Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, January 6th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Conagra Brands had a net margin of 9.67% and a return on equity of 16.50%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. Conagra Brands’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts anticipate that Conagra Brands will post 2.6 earnings per share for the current year.
In other Conagra Brands news, COO Thomas M. Mcgough sold 45,660 shares of the stock in a transaction on Friday, March 19th. The shares were sold at an average price of $37.55, for a total transaction of $1,714,533.00. Following the transaction, the chief operating officer now directly owns 102,001 shares in the company, valued at approximately $3,830,137.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard H. Lenny acquired 10,000 shares of Conagra Brands stock in a transaction on Friday, January 8th. The shares were bought at an average price of $33.70 per share, for a total transaction of $337,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
Conagra Brands Company Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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