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

Conagra Brands (NYSE:CAG) released its earnings results on Thursday. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02, RTT News reports. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company posted $0.71 EPS. The business’s revenue 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 Stock Performance

Shares of CAG opened at $26.81 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. Conagra Brands has a 52-week low of $26.21 and a 52-week high of $33.24. The stock has a 50 day moving average price of $28.26 and a 200 day moving average price of $29.54. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.31.

Conagra Brands Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.22%. Conagra Brands’s payout ratio is currently 135.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CAG shares. Wells Fargo & Company reduced their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America lowered their price target on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup cut their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus price target of $31.38.

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.