Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CAG. Citigroup reduced their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a neutral rating on the stock in a research report on Friday, June 28th. Barclays decreased their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a research note on Friday, July 12th. Wells Fargo & Company cut their price objective 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. 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, July 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a report on Monday. They issued a buy rating and a $36.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $31.45.

Conagra Brands Price Performance

NYSE CAG opened at $30.15 on Monday. The company has a market cap of $14.41 billion, a PE ratio of 41.30, a P/E/G ratio of 2.65 and a beta of 0.32. The firm’s 50 day moving average price is $29.23 and its 200-day moving average price is $29.36. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.33 and a current ratio of 0.97. Conagra Brands has a 52-week low of $25.16 and a 52-week high of $31.82.

Conagra Brands (NYSE:CAG) last announced 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 net margin of 2.88% and a return on equity of 14.31%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts forecast that Conagra Brands will post 2.61 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, August 1st. Conagra Brands’s dividend payout ratio is currently 191.78%.

Insider Buying and Selling

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was 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 of the company’s stock, valued at $3,439,523.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.88% of the stock is owned by company insiders.

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.