Brokerages expect that Conagra Brands Inc. (NYSE:CAG) will report $0.52 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Conagra Brands’ earnings. The lowest EPS estimate is $0.51 and the highest is $0.52. Conagra Brands reported earnings per share of $0.49 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The firm is expected to announce its next earnings report before the market opens on Thursday, December 21st.

On average, analysts expect that Conagra Brands will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $1.92. For the next year, analysts forecast that the firm will report earnings of $2.07 per share, with EPS estimates ranging from $2.03 to $2.11. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Conagra Brands.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 21st. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS.

CAG has been the topic of several research analyst reports. BidaskClub lowered shares of Conagra Brands from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Credit Suisse Group reduced their price objective on shares of Conagra Brands from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, September 25th. Morgan Stanley dropped their target price on Conagra Brands from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, September 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Conagra Brands in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.37.

In other news, EVP Colleen Batcheler sold 120,451 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the completion of the transaction, the executive vice president now directly owns 211,514 shares of the company’s stock, valued at $7,931,775. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.79% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC boosted its holdings in Conagra Brands by 32,666.7% in the second quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock valued at $105,000 after purchasing an additional 2,940 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Conagra Brands by 143.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock valued at $112,000 after buying an additional 1,851 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Conagra Brands by 57.1% in the second quarter. Advisors Asset Management Inc. now owns 4,692 shares of the company’s stock valued at $168,000 after buying an additional 1,705 shares during the last quarter. Krilogy Financial LLC lifted its stake in Conagra Brands by 7.7% in the second quarter. Krilogy Financial LLC now owns 5,170 shares of the company’s stock valued at $185,000 after buying an additional 370 shares during the last quarter. Finally, Evercore Wealth Management LLC lifted its stake in Conagra Brands by 12.9% in the second quarter. Evercore Wealth Management LLC now owns 6,325 shares of the company’s stock valued at $226,000 after buying an additional 725 shares during the last quarter. 78.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Conagra Brands (CAG) opened at $38.14 on Thursday. The stock has a market cap of $15,514.76, a PE ratio of 21.10, a P/E/G ratio of 2.86 and a beta of 0.37. Conagra Brands has a fifty-two week low of $32.16 and a fifty-two week high of $41.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.51.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.213 per share. The ex-dividend date is Monday, January 29th. This is an increase from Conagra Brands’s previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.23%. Conagra Brands’s payout ratio is currently 60.28%.

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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.

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

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