Conagra Brands (NYSE:CAG) will be posting its quarterly earnings results before the market opens on Thursday, March 22nd. Analysts expect Conagra Brands to post earnings of $0.51 per share for the quarter.
Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 21st. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts expect Conagra Brands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Conagra Brands (CAG) opened at $36.34 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.54 and a debt-to-equity ratio of 0.86. Conagra Brands has a 1-year low of $32.16 and a 1-year high of $41.42. The stock has a market cap of $14,668.20, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.33 and a beta of 0.32.
Several research analysts have issued reports on the stock. UBS upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $37.00 in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, November 22nd. Stifel Nicolaus increased their target price on shares of Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Saturday, December 30th. Credit Suisse Group set a $40.00 target price on shares of Conagra Brands and gave the stock a “hold” rating in a report on Monday, December 25th. Finally, Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Conagra Brands has an average rating of “Hold” and an average price target of $40.50.
In other news, Director Joie A. Gregor sold 5,250 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $38.04, for a total value of $199,710.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert G. Wise sold 23,170 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $37.87, for a total transaction of $877,447.90. Following the completion of the sale, the senior vice president now owns 51,859 shares in the company, valued at $1,963,900.33. The disclosure for this sale can be found here. Insiders sold a total of 33,670 shares of company stock worth $1,276,868 over the last 90 days. Company insiders own 0.79% of the company’s stock.
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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