Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.60-2.65 for the period, compared to the consensus estimate of $2.61.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research note on Monday, August 12th. They set a buy rating and a $36.00 price objective for the company. Evercore ISI lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set a neutral rating for the company in a research note on Friday, July 12th. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada lowered their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Finally, Barclays lowered their price objective on shares of Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a research note on Friday, July 12th. Nine 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 presently has an average rating of Hold and an average price target of $31.10.

Conagra Brands Stock Performance

Shares of CAG stock opened at $32.72 on Wednesday. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33. The firm has a market capitalization of $15.64 billion, a P/E ratio of 44.82, a P/E/G ratio of 2.95 and a beta of 0.32. The company’s fifty day moving average price is $31.28 and its two-hundred day moving average price is $30.27.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data 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 net margin of 2.88% and a return on equity of 14.31%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that Conagra Brands will post 2.61 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were issued a $0.35 dividend. 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 4.28%. Conagra Brands’s dividend payout ratio is currently 191.78%.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.88% of the stock is currently owned by company insiders.

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.