Equities research analysts expect that Conagra Brands Inc. (NYSE:CAG) will announce $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Conagra Brands’ earnings, with estimates ranging from $0.51 to $0.52. Conagra Brands reported earnings per share of $0.49 during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is scheduled to report its next earnings results on Thursday, December 28th.

According to Zacks, analysts expect that Conagra Brands will report full year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.86 to $1.92. For the next year, analysts expect that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $2.02 to $2.11. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Conagra Brands.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Conagra Brands had a net margin of 7.83% and a return on equity of 18.35%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis.

CAG has been the topic of several recent research reports. BidaskClub upgraded shares of Conagra Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Credit Suisse Group restated a “hold” rating and issued a $39.00 price target on shares of Conagra Brands in a research report on Friday, August 11th. Morgan Stanley decreased their price target on shares of Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, September 25th. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Conagra Brands in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.03.

In related news, EVP Colleen Batcheler sold 120,451 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $37.50, for a total value of $4,516,912.50. Following the completion of the transaction, the executive vice president now owns 211,514 shares of the company’s stock, valued at approximately $7,931,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. IndexIQ Advisors LLC boosted its stake in Conagra Brands by 0.4% in the 2nd quarter. IndexIQ Advisors LLC now owns 9,828 shares of the company’s stock worth $352,000 after purchasing an additional 36 shares during the period. Conning Inc. boosted its stake in Conagra Brands by 0.6% in the 2nd quarter. Conning Inc. now owns 11,616 shares of the company’s stock worth $415,000 after purchasing an additional 70 shares during the period. Synovus Financial Corp boosted its stake in Conagra Brands by 1.8% in the 2nd quarter. Synovus Financial Corp now owns 8,884 shares of the company’s stock worth $318,000 after purchasing an additional 155 shares during the period. Shell Asset Management Co. boosted its stake in Conagra Brands by 0.5% in the 2nd quarter. Shell Asset Management Co. now owns 41,071 shares of the company’s stock worth $1,469,000 after purchasing an additional 200 shares during the period. Finally, MUFG Americas Holdings Corp boosted its stake in Conagra Brands by 1.5% in the 2nd quarter. MUFG Americas Holdings Corp now owns 13,810 shares of the company’s stock worth $494,000 after purchasing an additional 208 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands (NYSE:CAG) opened at $37.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.51. The stock has a market cap of $15,306.42, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.83 and a beta of 0.36. Conagra Brands has a 12-month low of $32.16 and a 12-month high of $41.68.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, October 13th were paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Monday, October 30th. Conagra Brands’s dividend payout ratio is 60.28%.

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Conagra Brands Company Profile

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

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Earnings History and Estimates for Conagra Brands (NYSE:CAG)

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