Equities research analysts forecast that Conagra Brands Inc (NYSE:CAG) will announce earnings of $0.57 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Conagra Brands’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.52. Conagra Brands posted earnings per share of $0.55 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is scheduled to issue its next earnings report on Thursday, December 20th.
On average, analysts expect that Conagra Brands will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.17. For the next financial year, analysts forecast that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.47 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Conagra Brands.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, September 27th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Conagra Brands had a return on equity of 22.50% and a net margin of 10.47%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS.
Shares of CAG stock opened at $35.60 on Thursday. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.06 and a beta of 0.31. Conagra Brands has a 52 week low of $32.81 and a 52 week high of $39.43. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.39 and a current ratio of 0.84.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 17th will be given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, October 16th. Conagra Brands’s dividend payout ratio is 40.28%.
In other news, Director Thomas K. Brown purchased 7,092 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were bought at an average cost of $35.25 per share, for a total transaction of $249,993.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David S. Marberger purchased 2,836 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were purchased at an average price of $35.25 per share, for a total transaction of $99,969.00. Following the completion of the acquisition, the chief financial officer now directly owns 12,721 shares in the company, valued at approximately $448,415.25. The disclosure for this purchase can be found here. Insiders have bought a total of 24,112 shares of company stock worth $849,948 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.
Large investors have recently modified their holdings of the stock. Fort L.P. bought a new position in Conagra Brands during the 2nd quarter valued at about $117,000. Bray Capital Advisors bought a new position in Conagra Brands during the 3rd quarter valued at about $170,000. LFA Lugano Financial Advisors SA grew its holdings in Conagra Brands by 137.6% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 5,153 shares of the company’s stock valued at $175,000 after purchasing an additional 2,984 shares during the last quarter. Lucia Wealth Services LLC bought a new position in Conagra Brands during the 2nd quarter valued at about $184,000. Finally, Lincoln National Corp bought a new position in Conagra Brands during the 2nd quarter valued at about $200,000. Institutional investors own 81.52% of the company’s stock.
About Conagra Brands
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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