Conagra Brands (NYSE:CAG) posted its quarterly earnings data on Wednesday. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07, Fidelity Earnings reports. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.98 billion. Conagra Brands had a return on equity of 15.77% and a net margin of 8.77%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share.
NYSE:CAG traded up $0.29 during trading hours on Friday, reaching $34.07. The stock had a trading volume of 6,454,245 shares, compared to its average volume of 5,771,709. The stock has a market capitalization of $16.64 billion, a PE ratio of 16.59, a PEG ratio of 2.01 and a beta of 0.86. Conagra Brands has a 52 week low of $22.83 and a 52 week high of $39.34. The company has a 50 day moving average price of $35.89 and a two-hundred day moving average price of $36.29. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.44 and a current ratio of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 3rd. Shareholders of record on Friday, January 29th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, January 28th. Conagra Brands’s dividend payout ratio is presently 48.25%.
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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