Conagra Brands (CAG) Expected to Announce Earnings on Thursday

Conagra Brands (NYSE:CAG) is expected to be issuing its quarterly earnings data before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $2.92 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Conagra Brands Stock Up 2.3 %

Shares of NYSE:CAG opened at $25.92 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands has a 52-week low of $23.06 and a 52-week high of $33.24. The firm has a fifty day moving average of $25.61 and a 200 day moving average of $27.72. The firm has a market capitalization of $12.37 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday. They set an “equal weight” rating and a $27.00 price objective for the company. Stifel Nicolaus dropped their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Wells Fargo & Company decreased their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.20.

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.