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

Conagra Brands (NYSE:CAG) posted its earnings results on Thursday. The company reported $0.51 earnings per share 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $0.69 earnings per share. 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 Trading Down 0.3 %

Shares of CAG opened at $26.71 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands has a 52-week low of $23.06 and a 52-week high of $33.24. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.76 and a beta of 0.18. The business’s fifty day moving average is $25.74 and its 200-day moving average is $27.47.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Monday, April 28th. Conagra Brands’s dividend payout ratio is presently 137.25%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CAG. Morgan Stanley began coverage on Conagra Brands in a report on Monday, March 24th. They set an “equal weight” rating and a $27.00 target price for the company. Stifel Nicolaus cut their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their price target 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 analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Conagra Brands has an average rating of “Hold” and a consensus price target of $28.20.

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.