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

Conagra Brands (NYSE:CAG) released its earnings results on Thursday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. 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 Trading Down 1.1 %

Shares of NYSE:CAG opened at $26.32 on Thursday. Conagra Brands has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $12.56 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The firm has a fifty day moving average of $25.69 and a two-hundred day moving average of $27.52.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.32%. Conagra Brands’s payout ratio is 137.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Barclays dropped their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, Bank of America dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned 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.

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.