Conagra Brands (NYSE:CAG) issued its quarterly earnings data on Thursday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2 billion. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. Conagra Brands’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Conagra Brands updated its FY18 guidance to $2.03-2.05 EPS.
Shares of CAG stock opened at $35.50 on Friday. Conagra Brands has a 1 year low of $32.16 and a 1 year high of $41.03. The stock has a market cap of $14,203.43, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.17 and a beta of 0.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.54 and a current ratio of 1.03.
In other news, SVP Robert G. Wise sold 23,170 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $37.87, for a total value of $877,447.90. Following the completion of the sale, the senior vice president now directly owns 51,859 shares in the company, valued at approximately $1,963,900.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total transaction of $199,710.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,670 shares of company stock valued at $1,276,868. 0.79% of the stock is currently owned by company insiders.
CAG has been the subject of several research analyst reports. Credit Suisse Group set a $40.00 target price on shares of Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. Stifel Nicolaus lifted their target price on shares of Conagra Brands from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. UBS upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.67.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3296441/conagra-brands-cag-announces-quarterly-earnings-results-beats-estimates-by-0-05-eps.html.
Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.