Conagra Brands (CAG) Set to Announce Earnings on Wednesday

Conagra Brands (NYSE:CAG) will be posting its quarterly earnings results before the market opens on Wednesday, October 2nd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Conagra Brands has set its FY 2025 guidance at 2.600-2.650 EPS and its FY25 guidance at $2.60-2.65 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, July 11th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts expect Conagra Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Conagra Brands Trading Up 0.1 %

NYSE:CAG opened at $32.33 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $33.24. The company has a market cap of $15.46 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.32. The company has a 50 day simple moving average of $31.01 and a two-hundred day simple moving average of $30.12.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.33%. Conagra Brands’s dividend payout ratio is presently 191.78%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CAG. Bank of America boosted their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group assumed coverage on Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company reduced their price target on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada cut 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, July 12th. Finally, Barclays lowered their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $31.10.

Insider Transactions at Conagra Brands

In related news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the sale, the chief operating officer now owns 161,443 shares in the company, valued at approximately $4,890,108.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.