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

Conagra Brands (NYSE:CAG) released its quarterly earnings data on Thursday. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02, RTT News reports. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. Conagra Brands’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. 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 Down 1.8 %

CAG stock opened at $27.37 on Thursday. The business’s 50-day moving average price is $28.31 and its 200-day moving average price is $29.55. The stock has a market cap of $13.06 billion, a P/E ratio of 26.57, a PEG ratio of 2.91 and a beta of 0.31. Conagra Brands has a twelve month low of $26.21 and a twelve month high of $33.24. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is currently 135.92%.

Analyst Ratings Changes

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

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.