Zacks Research Expects Lower Earnings for Conagra Brands

Conagra Brands (NYSE:CAG) – Equities researchers at Zacks Research reduced their Q2 2027 EPS estimates for shares of Conagra Brands in a research report issued on Monday, October 12th. Zacks Research analyst Team now anticipates that the company will earn $0.34 per share 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.

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

CAG has been the subject of a number of other reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $14.00 target price on shares of Conagra Brands in a research report on Thursday, October 1st. JPMorgan Chase & Co. upped their price target on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Barclays dropped their price target on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Price Performance

Conagra Brands stock opened at $13.73 on Wednesday. The business’s 50 day simple moving average is $14.95 and its 200 day simple moving average is $14.45. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The company has a market cap of $6.55 billion, a price-to-earnings ratio of -3.45 and a beta of 0.02. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08.

Hedge Funds Weigh In On Conagra Brands

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Conagra Brands in the 2nd quarter worth approximately $1,071,275,000. Dimensional Fund Advisors LP raised its position in shares of Conagra Brands by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock valued at $303,771,000 after buying an additional 1,701,624 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $47,815,000. Wilsey Asset Management Inc. raised its position in shares of Conagra Brands by 5.5% during the 2nd quarter. Wilsey Asset Management Inc. now owns 2,371,086 shares of the company’s stock valued at $31,915,000 after buying an additional 122,713 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Conagra Brands during the 2nd quarter worth $30,316,000. 83.75% of the stock is owned by institutional investors.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be given a dividend of $0.1750 per share. The ex-dividend date is Thursday, November 5th. This represents a $0.70 annualized dividend and a dividend yield of 5.1%. Conagra Brands’s dividend payout ratio is currently -17.59%.

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.