Q1 EPS Estimates for Conagra Brands Raised by Zacks Research

Conagra Brands (NYSE:CAG) – Stock analysts at Zacks Research lifted their Q1 2028 EPS estimates for Conagra Brands in a report released on Monday, October 12th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.33. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Conagra Brands’ current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Conagra Brands’ Q4 2028 earnings at $0.42 EPS.

Several other analysts have also recently commented on CAG. Weiss Ratings reiterated a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. UBS Group raised their price objective on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price objective on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Evercore set a $13.00 target price on Conagra Brands in a report on Tuesday, September 29th. Finally, Barclays reduced their target price on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Conagra Brands has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Up 1.2%

Shares of CAG opened at $13.86 on Thursday. The business’s 50 day moving average is $14.93 and its 200 day moving average is $14.44. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32. The company has a market capitalization of $6.62 billion, a PE ratio of -3.48 and a beta of 0.02.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be paid a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, November 5th. Conagra Brands’s dividend payout ratio is -17.59%.

Institutional Investors Weigh In On Conagra Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tema ETFs LLC boosted its holdings in Conagra Brands by 9.3% in the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after acquiring an additional 725 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Conagra Brands by 20.9% during the first quarter. Root Financial Partners LLC now owns 4,855 shares of the company’s stock worth $76,000 after acquiring an additional 839 shares during the last quarter. Cooper Financial Group increased its holdings in shares of Conagra Brands by 6.7% during the third quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock valued at $184,000 after acquiring an additional 861 shares in the last quarter. Castle Rock Wealth Management LLC increased its holdings in shares of Conagra Brands by 3.6% during the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after acquiring an additional 911 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Conagra Brands by 0.4% during the first quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock valued at $4,153,000 after acquiring an additional 939 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Key Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Zacks raised its Q1 2029 EPS forecast to $0.38 from $0.35, indicating some confidence in Conagra’s earnings potential over the longer term. The firm projects FY2029 EPS of $1.55. Conagra Brands analyst estimates
• Neutral Sentiment: Zacks’ estimates remain broadly close to consensus, with forecasts of $1.45 EPS for FY2027 and $1.47 for FY2028 versus the current consensus estimate of $1.46 for the current fiscal year. This suggests limited near-term earnings-revision momentum rather than a major change in the outlook. Conagra Brands analyst estimates
• Negative Sentiment: Zacks lowered its forecasts for Q2 2027 EPS to $0.34 from $0.39, Q3 2027 EPS to $0.33 from $0.36, and Q4 2027 EPS to $0.37 from $0.39. It also reduced FY2027 EPS to $1.45 from $1.46, FY2028 EPS to $1.47 from $1.50, and FY2029 EPS to $1.55 from $1.61. The repeated reductions point to concerns about Conagra’s earnings trajectory and may limit upside in the stock.
• Negative Sentiment: A separate dividend-stock warning article highlights the risks that can accompany unusually high yields, including possible dividend cuts and underlying business weakness. The article’s supplied description does not confirm that Conagra is one of the stocks discussed, so its direct impact on CAG is uncertain. Dividend stock warning article

About Conagra Brands

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.