Conagra Brands (NYSE:CAG) Releases FY25 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of approx $2.35 for the period, compared to the consensus estimate of $2.35.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley assumed coverage on Conagra Brands in a research note on Monday, March 24th. They set an “equal weight” rating and a $27.00 price target for the company. Citigroup dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. 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 report on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, Bank of America decreased their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $28.20.

Conagra Brands Stock Down 1.1 %

Shares of Conagra Brands stock opened at $26.32 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands has a 1-year low of $23.06 and a 1-year high of $33.24. The business has a 50-day moving average of $25.69 and a 200-day moving average of $27.52. The company has a market capitalization of $12.56 billion, a PE ratio of 25.80, a P/E/G ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Conagra Brands’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.32%. Conagra Brands’s dividend payout ratio (DPR) is 137.25%.

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.