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

Conagra Brands (NYSE:CAG) announced its quarterly earnings results on Thursday. The company reported $0.51 earnings per share (EPS) 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 company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the business posted $0.69 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Conagra Brands updated its FY25 guidance to approx $2.35 EPS.

Conagra Brands Stock Down 1.1 %

CAG opened at $26.32 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market capitalization of $12.56 billion, a PE ratio of 25.80, a P/E/G ratio of 1.76 and a beta of 0.18. The stock’s fifty day moving average is $25.69 and its 200-day moving average is $27.52. Conagra Brands has a one year low of $23.06 and a one year high of $33.24.

Conagra Brands Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Stifel Nicolaus reduced their target price 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. Barclays decreased their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.