Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

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

Conagra Brands Stock Down 0.1 %

Conagra Brands stock opened at $28.35 on Friday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 2.81 and a beta of 0.32. Conagra Brands has a 52-week low of $25.16 and a 52-week high of $33.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The firm has a 50 day moving average price of $29.46 and a two-hundred day moving average price of $29.22.

Conagra Brands (NYSE:CAG) last announced 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. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.09%. Conagra Brands’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Equities analysts predict that Conagra Brands will post 2.61 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 1st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.94%. Conagra Brands’s payout ratio is 191.78%.

Wall Street Analyst Weigh In

CAG has been the topic of a number of research analyst reports. Barclays cut their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating on the stock in a report on Friday. Evercore ISI reduced their price target on shares of Conagra Brands from $32.00 to $31.00 and set a neutral rating for the company in a report on Friday. Royal Bank of Canada dropped their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a sector perform rating on the stock in a report on Friday. Stifel Nicolaus decreased their target price on Conagra Brands from $32.00 to $30.00 and set a hold rating for the company in a research report on Friday. Finally, Wells Fargo & Company cut their price target on Conagra Brands from $32.00 to $31.00 and set an equal weight rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $32.00.

Insiders Place Their Bets

In other news, EVP Charisse Brock sold 15,444 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the sale, the executive vice president now owns 113,254 shares in the company, valued at $3,439,523.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

About Conagra Brands

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.