Conagra Brands (NYSE:CAG) Releases FY 2026 Earnings Guidance

Conagra Brands (NYSE:CAG - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.700-1.85 for the period, compared to the consensus estimate of 2.213. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CAG shares. UBS Group decreased their target price on shares of Conagra Brands from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday. Barclays decreased their target price on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Stifel Nicolaus decreased their target price on shares of Conagra Brands from $26.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank Of Canada decreased their target price on shares of Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their target price on shares of Conagra Brands from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands presently has an average rating of "Hold" and a consensus price target of $22.73.

Conagra Brands Price Performance

Shares of NYSE:CAG traded down $0.10 during midday trading on Friday, reaching $19.39. 17,737,690 shares of the company were exchanged, compared to its average volume of 5,993,756. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 0.71. The business's fifty day moving average is $22.04 and its two-hundred day moving average is $24.53. Conagra Brands has a one year low of $18.82 and a one year high of $33.24. The stock has a market cap of $9.26 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.11.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.05). Conagra Brands had a return on equity of 12.94% and a net margin of 2.80%. The business had revenue of $2,781,800 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business's quarterly revenue was down 4.3% on a year-over-year basis. As a group, analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, July 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.22%. Conagra Brands's payout ratio is currently 205.88%.

Hedge Funds Weigh In On Conagra Brands

A number of large investors have recently made changes to their positions in CAG. United Services Automobile Association purchased a new position in shares of Conagra Brands during the 1st quarter worth about $225,000. NewEdge Advisors LLC raised its holdings in shares of Conagra Brands by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company's stock valued at $628,000 after purchasing an additional 954 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Conagra Brands by 5.9% in the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company's stock valued at $970,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of Conagra Brands by 40.7% during the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company's stock worth $1,075,000 after acquiring an additional 11,664 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

About Conagra Brands

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.

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