Conagra Brands (NYSE:CAG) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Conagra Brands (NYSE:CAG) posted its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01), Zacks reports. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Conagra Brands updated its FY25 guidance to approx $2.35 EPS.

Conagra Brands Stock Up 1.3 %

Shares of NYSE CAG opened at $26.71 on Friday. Conagra Brands has a 1 year low of $23.06 and a 1 year high of $33.24. The firm’s 50-day moving average is $25.72 and its 200-day moving average is $27.51. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $12.75 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.24%. Conagra Brands’s dividend payout ratio is currently 137.25%.

Wall Street Analyst Weigh In

CAG has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective 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. Citigroup decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company decreased their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley assumed coverage on Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 target price for the company. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently 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.