ConAgra Foods Inc. (CAG) Updates FY14 Earnings Guidance
ConAgra Foods Inc. (NYSE:CAG) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $2.34-2.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39, AR Network reports.
A number of research firms have recently commented on CAG. Analysts at Zacks reiterated a neutral rating on shares of ConAgra Foods (NYSE:CAG) in a research note to investors on Monday, July 8th. They now have a $37.00 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. reiterated an overweight rating on shares of ConAgra Foods (NYSE:CAG) in a research note to investors on Friday, June 28th. They now have a $41.00 price target on the stock, up previously from $40.00. Finally, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of ConAgra Foods (NYSE:CAG) in a research note to investors on Thursday, June 27th.
One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $37.83.
Shares of ConAgra Foods Inc. (NYSE:CAG) opened at 33.56 on Tuesday. ConAgra Foods Inc. has a 52 week low of $25.50 and a 52 week high of $37.28. The stock’s 50-day moving average is $35.54 and its 200-day moving average is $35.10. The company has a market cap of $14.079 billion and a price-to-earnings ratio of 18.14.
ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, June 27th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Analysts expect that ConAgra Foods Inc. will post $2.41 EPS for the current fiscal year.
ConAgra Foods, Inc (NYSE:CAG) is a food company.
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