Conagra Brands (NYSE:CAG) Issues FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.45-2.50 for the period, compared to the consensus earnings per share estimate of $2.58. Conagra Brands also updated its FY 2025 guidance to 2.450-2.500 EPS.

Analysts Set New Price Targets

Several analysts have recently weighed in on CAG shares. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Bank of America reduced their price target on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Thursday, October 3rd. Finally, Wells Fargo & Company lowered their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.38.

Conagra Brands Stock Performance

CAG stock opened at $26.81 on Friday. Conagra Brands has a 1 year low of $26.21 and a 1 year high of $33.24. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.91 and a beta of 0.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94. The stock’s fifty day moving average is $28.26 and its two-hundred day moving average is $29.54.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the firm posted $0.71 EPS. Conagra Brands’s quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Conagra Brands will post 2.58 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio is currently 135.92%.

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.