Conagra Brands (NYSE:CAG) Releases FY 2027 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.400-1.500 for the period, compared to the consensus estimate of 1.610. The company issued revenue guidance of -.

Conagra Brands Price Performance

NYSE:CAG opened at $14.48 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $6.93 billion, a P/E ratio of -3.62 and a beta of -0.02. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The business’s 50-day moving average is $13.60 and its 200 day moving average is $15.72.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.89 billion. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities research analysts forecast that Conagra Brands will post 1.5 earnings per share for the current fiscal year.

Conagra Brands Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s payout ratio is currently -35.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CAG. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, June 18th. Barclays decreased their price objective on Conagra Brands from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. TD Cowen cut their price objective on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. BNP Paribas Exane reduced their price objective on Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $14.00.

Key Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Conagra beat quarterly EPS estimates and posted 3.6% year-over-year revenue growth, which helped offset some of the weaker parts of the report. Article Title
• Positive Sentiment: Several analysts lifted price targets after the update, including JPMorgan to $15 and UBS to $14, suggesting the new outlook may be more realistic even if growth is modest. Article Title
• Positive Sentiment: Investors are viewing the dividend cut as a way to free up roughly $335 million annually for debt reduction and reinvestment, which could support a turnaround under new management. Article Title
• Neutral Sentiment: Management is pursuing a “strategic reset,” including higher reinvestment, a margin reset, supply-chain improvements, and portfolio simplification, which could help long term but will take time to show results. Article Title
• Neutral Sentiment: Jefferies kept a Hold rating and raised its target to $14, reflecting a cautious stance after revenue and operating profit came in below expectations. Article Title
• Negative Sentiment: Conagra’s fiscal 2027 EPS guidance of $1.40 to $1.50 came in below Wall Street expectations, signaling ongoing profit pressure. Article Title
• Negative Sentiment: The company also reported a quarterly loss and announced a 50% dividend reduction, underscoring the strain from higher costs and weaker margins. Article Title

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands during the 2nd quarter valued at $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Conagra Brands during the 2nd quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Conagra Brands during the third quarter worth about $33,000. Lavaca Capital LLC raised its position in shares of Conagra Brands by 111.4% in the fourth quarter. Lavaca Capital LLC now owns 2,019 shares of the company’s stock valued at $35,000 after buying an additional 1,064 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.