Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.60-2.65 for the period, compared to the consensus estimate of $2.70. Conagra Brands also updated its FY 2025 guidance to 2.600-2.650 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAG. Stifel Nicolaus lifted their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the company a hold rating in a report on Friday, April 5th. Wells Fargo & Company dropped their price target on Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a research note on Wednesday. Barclays raised their price objective on Conagra Brands from $31.00 to $34.00 and gave the stock an overweight rating in a report on Monday, April 8th. Finally, Citigroup decreased their target price on Conagra Brands from $32.00 to $30.00 and set a neutral rating for the company in a report on Friday, June 28th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of Hold and an average target price of $32.38.

Conagra Brands Stock Down 1.5 %

Conagra Brands stock traded down $0.44 during midday trading on Thursday, hitting $28.37. 13,580,982 shares of the stock were exchanged, compared to its average volume of 4,765,235. Conagra Brands has a 1 year low of $25.16 and a 1 year high of $33.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. The firm has a market cap of $13.56 billion, a P/E ratio of 14.08, a P/E/G ratio of 2.76 and a beta of 0.32. The company has a 50 day moving average price of $29.55 and a two-hundred day moving average price of $29.22.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, July 11th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Conagra Brands will post 2.62 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 Thursday, August 29th. Investors of record on Thursday, August 1st will be paid a $0.35 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.93%. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Insider Buying and Selling at Conagra Brands

In related news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by 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.