Conagra Brands Inc (NYSE:CAG) – Equities researchers at Jefferies Group cut their Q3 2018 earnings per share (EPS) estimates for Conagra Brands in a report released on Monday. Jefferies Group analyst A. Jagdale now forecasts that the company will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.53. Jefferies Group also issued estimates for Conagra Brands’ Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.93 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $2.12 EPS, Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $0.65 EPS and FY2020 earnings at $2.28 EPS.

CAG has been the topic of a number of other research reports. Credit Suisse Group set a $40.00 target price on Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. Stifel Nicolaus lifted their target price on 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 raised Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. UBS Group raised 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 raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.00.

Conagra Brands (CAG) traded down $0.23 during trading hours on Tuesday, hitting $37.77. The company had a trading volume of 690,657 shares, compared to its average volume of 3,176,152. The company has a current ratio of 1.11, a quick ratio of 0.54 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $15,169.02, a P/E ratio of 22.57, a P/E/G ratio of 2.47 and a beta of 0.36. Conagra Brands has a twelve month low of $32.16 and a twelve month high of $41.68.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be given a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, January 29th. This is an increase from Conagra Brands’s previous quarterly dividend of $0.21. Conagra Brands’s payout ratio is 50.90%.

In other Conagra Brands news, EVP Colleen Batcheler sold 120,451 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 211,514 shares of the company’s stock, valued at $7,931,775. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Robert G. Wise sold 23,170 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total value of $877,447.90. Following the transaction, the senior vice president now directly owns 51,859 shares in the company, valued at approximately $1,963,900.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,121 shares of company stock worth $5,793,780. Company insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Synovus Financial Corp increased its position in Conagra Brands by 52.9% during the third quarter. Synovus Financial Corp now owns 13,585 shares of the company’s stock worth $458,000 after buying an additional 4,701 shares during the last quarter. Keeley Teton Advisors LLC boosted its holdings in shares of Conagra Brands by 21.4% during the third quarter. Keeley Teton Advisors LLC now owns 62,218 shares of the company’s stock worth $2,099,000 after acquiring an additional 10,967 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Conagra Brands by 482.0% during the third quarter. Victory Capital Management Inc. now owns 289,392 shares of the company’s stock worth $9,764,000 after acquiring an additional 239,667 shares during the period. Norinchukin Bank The boosted its holdings in shares of Conagra Brands by 10.3% during the third quarter. Norinchukin Bank The now owns 30,938 shares of the company’s stock worth $1,044,000 after acquiring an additional 2,886 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Conagra Brands by 11.9% during the third quarter. Mackenzie Financial Corp now owns 319,445 shares of the company’s stock worth $10,778,000 after acquiring an additional 33,848 shares during the period. 80.25% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.watchlistnews.com/q3-2018-eps-estimates-for-conagra-brands-inc-cag-decreased-by-analyst/1837222.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.

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

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.