Conagra Brands (NYSE:CAG) issued an update on its FY 2022
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 2.63-2.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.60. Conagra Brands also updated its Q4 2021
Pre-Market guidance to 0.49-0.55 EPS.
Shares of NYSE CAG opened at $37.24 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.35 and a current ratio of 0.83. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.86 and a beta of 0.86. The stock has a 50 day moving average price of $36.31 and a 200 day moving average price of $35.81. Conagra Brands has a 52-week low of $30.12 and a 52-week high of $39.34.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, January 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.98 billion. Conagra Brands had a return on equity of 16.50% and a net margin of 9.67%. Conagra Brands’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Analysts forecast that Conagra Brands will post 2.6 earnings per share for the current year.
In other news, COO Thomas M. Mcgough sold 45,660 shares of the stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $37.55, for a total transaction of $1,714,533.00. Following the sale, the chief operating officer now directly owns 102,001 shares of the company’s stock, valued at approximately $3,830,137.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard H. Lenny bought 10,000 shares of the stock in a transaction dated Friday, January 8th. The shares were purchased at an average cost of $33.70 per share, for a total transaction of $337,000.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.
About Conagra Brands
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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