Conagra Brands (NYSE:CAG) Releases FY 2025 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 2.600-2.650 for the period, compared to the consensus EPS estimate of 2.610. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

CAG has been the subject of several analyst reports. The Goldman Sachs Group started coverage on Conagra Brands in a research note on Monday, August 12th. They issued a buy rating and a $36.00 target price for the company. Evercore ISI reduced their target price on Conagra Brands from $32.00 to $31.00 and set a neutral rating on the stock in a report on Friday, July 12th. Stifel Nicolaus dropped their price target on Conagra Brands from $32.00 to $30.00 and set a hold rating for the company in a research note on Friday, July 12th. Citigroup decreased their target price on Conagra Brands from $32.00 to $30.00 and set a neutral rating for the company in a report on Friday, June 28th. Finally, Barclays cut their price target on shares of Conagra Brands from $34.00 to $33.00 and set an overweight rating on the stock in a report on Friday, July 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $30.90.

Conagra Brands Price Performance

Shares of CAG opened at $31.20 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33. The company has a market cap of $14.92 billion, a P/E ratio of 42.74, a PEG ratio of 2.86 and a beta of 0.32. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $31.82. The stock has a fifty day moving average price of $29.73 and a 200 day moving average price of $29.59.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm posted $0.62 EPS. Conagra Brands’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, research analysts forecast that Conagra Brands will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.49%. Conagra Brands’s payout ratio is 191.78%.

Insider Activity at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total value of $1,211,600.00. Following the transaction, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is currently owned by insiders.

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.