ConAgra Foods (CAG) to Release Quarterly Earnings on Thursday
ConAgra Foods (NYSE:CAG) is scheduled to be announcing its Q1 2014 earnings results on Thursday, September 19th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $4.30 billion for the quarter. ConAgra Foods has set its FY14 guidance at $2.40 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, June 27th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. ConAgra Foods’s revenue was up 33.7% compared to the same quarter last year. On average, analysts expect ConAgra Foods to post $2.36 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
ConAgra Foods (NYSE:CAG) opened at 31.85 on Wednesday. ConAgra Foods has a 52 week low of $25.52 and a 52 week high of $37.28. The stock has a 50-day moving average of $34.74 and a 200-day moving average of $35.01. The company has a market cap of $13.362 billion and a price-to-earnings ratio of 17.35.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of ConAgra Foods (NYSE:CAG) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $34.00 price target on the stock, down previously from $36.00. On a related note, analysts at JPMorgan Chase & Co. downgraded shares of ConAgra Foods (NYSE:CAG) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $34.00 price target on the stock, down previously from $36.00. Finally, analysts at Barclays Capital cut their price target on shares of ConAgra Foods (NYSE:CAG) from $40.00 to $38.00 in a research note to investors on Wednesday, September 11th. They now have an “overweight” rating on the stock.
One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.08.
ConAgra Foods, Inc (NYSE:CAG) is a food company.
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