Brokers Set Expectations for Conagra Brands FY2026 Earnings

Key Points

• Analysts at Zacks Research have increased their FY2026 EPS estimates for Conagra Brands to $1.75 from $1.74, maintaining a "Hold" rating on the stock.
• Conagra Brands reported $0.39 earnings per share for its most recent quarter, exceeding estimates and generating $2.63 billion in revenue, although the revenue was down 5.8% year-over-year.
• The company recently declared a quarterly dividend of $0.35 per share, offering an annual yield of 7.6%, with a payout ratio of 79.55%.

Conagra Brands (NYSE:CAG - Free Report) - Research analysts at Zacks Research upped their FY2026 EPS estimates for shares of Conagra Brands in a note issued to investors on Tuesday, October 14th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.75 per share for the year, up from their previous forecast of $1.74. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Conagra Brands' current full-year earnings is $2.35 per share. Zacks Research also issued estimates for Conagra Brands' Q1 2027 earnings at $0.40 EPS.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS.

Several other research firms have also recently issued reports on CAG. Evercore ISI decreased their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Wednesday, September 24th. Stifel Nicolaus reduced their target price on shares of Conagra Brands from $26.00 to $21.00 and set a "hold" rating for the company in a report on Friday, July 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Conagra Brands in a report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They set a "neutral" rating and a $20.00 target price for the company. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $21.92.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $18.35 on Thursday. The firm's 50 day moving average is $18.94 and its two-hundred day moving average is $21.19. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The firm has a market capitalization of $8.78 billion, a P/E ratio of 10.42, a PEG ratio of 1.75 and a beta of 0.03. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 7.6%. Conagra Brands's dividend payout ratio (DPR) is presently 79.55%.

Institutional Trading of Conagra Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new stake in shares of Conagra Brands during the 1st quarter valued at about $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Conagra Brands during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC boosted its position in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock valued at $28,000 after buying an additional 741 shares in the last quarter. Quaker Wealth Management LLC boosted its position in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company's stock valued at $25,000 after buying an additional 2,427 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Conagra Brands in the second quarter valued at about $26,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.