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

Conagra Brands (NYSE:CAG) issued its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02, RTT News reports. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. 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 Price Performance

NYSE CAG opened at $27.37 on Thursday. The company has a 50-day moving average price of $28.31 and a 200-day moving average price of $29.55. Conagra Brands has a 52 week low of $26.21 and a 52 week 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. The firm has a market capitalization 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.12%. Conagra Brands’s dividend payout ratio is currently 135.92%.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of recent research reports. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company cut their price target on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Thursday, October 3rd. Citigroup cut their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Finally, Bank of America reduced their target price on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. Six equities research 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 stock. According to MarketBeat, Conagra Brands presently has an average rating of “Hold” and a consensus target price of $31.38.

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.