Zacks Research Cuts Earnings Estimates for Conagra Brands

Conagra Brands (NYSE:CAG) – Analysts at Zacks Research decreased their Q2 2027 earnings per share estimates for Conagra Brands in a research report issued on Monday, October 12th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.39. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Conagra Brands’ current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Conagra Brands’ Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.37 EPS, FY2027 earnings at $1.45 EPS, Q2 2028 earnings at $0.35 EPS, Q3 2028 earnings at $0.34 EPS, FY2028 earnings at $1.47 EPS, Q1 2029 earnings at $0.38 EPS and FY2029 earnings at $1.55 EPS.

Several other analysts have also issued reports on CAG. Evercore set a $13.00 target price on shares of Conagra Brands in a research note on Tuesday, September 29th. UBS Group increased their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of Conagra Brands in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $13.73 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $14.45. Conagra Brands has a 1-year low of $12.53 and a 1-year high of $20.32. The stock has a market cap of $6.55 billion, a PE ratio of -3.45 and a beta of 0.02.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. Conagra Brands’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be issued a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Thursday, November 5th. Conagra Brands’s dividend payout ratio (DPR) is -17.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Krilogy Financial LLC grew its stake in Conagra Brands by 5.0% in the 3rd quarter. Krilogy Financial LLC now owns 64,836 shares of the company’s stock valued at $887,000 after purchasing an additional 3,075 shares during the period. Affinity Capital Advisors LLC bought a new stake in shares of Conagra Brands during the 3rd quarter worth $153,000. NorthCrest Asset Manangement LLC raised its stake in shares of Conagra Brands by 9.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 45,015 shares of the company’s stock worth $611,000 after purchasing an additional 3,750 shares during the period. Sound Income Strategies LLC raised its stake in shares of Conagra Brands by 1.6% during the 3rd quarter. Sound Income Strategies LLC now owns 524,288 shares of the company’s stock worth $7,115,000 after purchasing an additional 8,456 shares during the period. Finally, Riversedge Advisors LLC bought a new stake in shares of Conagra Brands during the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.