Analysts forecast that Conagra Brands Inc (NYSE:CAG) will post earnings of $0.58 per share for the current quarter, according to Zacks. Four analysts have made estimates for Conagra Brands’ earnings, with estimates ranging from $0.56 to $0.61. 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 5.5%. The company is expected to report its next quarterly earnings results on Thursday, December 20th.

According to Zacks, analysts expect that Conagra Brands will report full year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.25. For the next fiscal year, analysts expect that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.35 to $2.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Conagra Brands.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, September 27th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.02). Conagra Brands had a return on equity of 22.50% and a net margin of 10.47%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.46 EPS. The firm’s revenue was up 1.7% on a year-over-year basis.

CAG has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Conagra Brands from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Citigroup dropped their price objective on shares of Conagra Brands from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, June 28th. ValuEngine cut shares of Conagra Brands from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. JPMorgan Chase & Co. increased their price objective on shares of Conagra Brands from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, Stephens initiated coverage on shares of Conagra Brands in a report on Monday, August 20th. They issued an “overweight” rating and a $45.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.78.

In related news, insider Sean Connolly bought 14,184 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The stock was purchased at an average price of $35.25 per share, for a total transaction of $499,986.00. Following the transaction, the insider now directly owns 217,607 shares of the company’s stock, valued at approximately $7,670,646.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas K. Brown bought 7,092 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The stock was bought at an average price of $35.25 per share, with a total value of $249,993.00. The disclosure for this purchase can be found here. Insiders purchased a total of 24,112 shares of company stock valued at $849,948 in the last quarter. 0.92% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. HPM Partners LLC boosted its holdings in shares of Conagra Brands by 7.8% in the second quarter. HPM Partners LLC now owns 18,986 shares of the company’s stock worth $678,000 after buying an additional 1,373 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Conagra Brands by 6.0% in the second quarter. Baird Financial Group Inc. now owns 24,824 shares of the company’s stock worth $887,000 after buying an additional 1,415 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Conagra Brands by 0.9% in the second quarter. Tocqueville Asset Management L.P. now owns 178,140 shares of the company’s stock worth $6,365,000 after buying an additional 1,502 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Conagra Brands by 5.8% in the second quarter. Captrust Financial Advisors now owns 29,516 shares of the company’s stock worth $1,055,000 after buying an additional 1,628 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of Conagra Brands by 2.1% in the second quarter. Ontario Teachers Pension Plan Board now owns 80,125 shares of the company’s stock worth $2,863,000 after buying an additional 1,649 shares during the period. Institutional investors own 81.48% of the company’s stock.

Shares of CAG stock traded up $0.47 during trading hours on Monday, reaching $35.34. The stock had a trading volume of 5,946,874 shares, compared to its average volume of 4,188,130. The company has a quick ratio of 0.39, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. Conagra Brands has a twelve month low of $32.81 and a twelve month high of $39.43. The stock has a market cap of $13.30 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.92 and a beta of 0.31.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 17th will be given a $0.2125 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.85 dividend on an annualized basis and a yield of 2.41%. Conagra Brands’s dividend payout ratio is presently 40.28%.

Conagra Brands Company Profile

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

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