Conagra Brands Q3 EPS Forecast Lowered by Zacks Research

Key Points

• Zacks Research has decreased its Q3 2026 EPS estimate for Conagra Brands from $0.56 to $0.43, indicating a bearish outlook for the company's earnings.
• Conagra Brands recently reported a net margin of 9.92% and a 4.3% decline in revenue compared to the same quarter last year, missing consensus earnings estimates.
• The company declared a quarterly dividend of $0.35 per share, reflecting an annualized yield of 7.29%, with the ex-dividend date set for July 30th.

Conagra Brands (NYSE:CAG - Free Report) - Zacks Research reduced their Q3 2026 EPS estimates for Conagra Brands in a note issued to investors on Thursday, July 24th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.56. The consensus estimate for Conagra Brands' current full-year earnings is $2.35 per share. Zacks Research also issued estimates for Conagra Brands' Q3 2027 earnings at $0.49 EPS, Q4 2027 earnings at $0.53 EPS and FY2028 earnings at $2.03 EPS.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.05). Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%. The firm had revenue of $2,781,800 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. Conagra Brands's revenue for the quarter was down 4.3% compared to the same quarter last year.

A number of other brokerages have also weighed in on CAG. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the company a "market perform" rating in a report on Friday, July 11th. Bank of America lowered shares of Conagra Brands from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $27.00 to $20.00 in a report on Thursday, June 12th. UBS Group dropped their price objective on shares of Conagra Brands from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Barclays dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price target on shares of Conagra Brands from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of "Hold" and an average target price of $22.58.

Conagra Brands Stock Performance

Shares of CAG traded up $0.20 during trading hours on Monday, reaching $19.40. 12,517,297 shares of the company traded hands, compared to its average volume of 7,368,292. The stock has a market capitalization of $9.26 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.84 and a beta of 0.11. The company has a quick ratio of 0.24, a current ratio of 0.71 and a debt-to-equity ratio of 0.70. Conagra Brands has a 12-month low of $18.67 and a 12-month high of $33.24. The business has a fifty day moving average price of $21.11 and a 200-day moving average price of $23.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Alpine Bank Wealth Management acquired a new position in shares of Conagra Brands during the 1st quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Conagra Brands in the 1st quarter valued at about $27,000. Capital Advisors Ltd. LLC raised its holdings in Conagra Brands by 82.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after acquiring an additional 452 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock valued at $28,000 after acquiring an additional 741 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Conagra Brands in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.22%. Conagra Brands's dividend payout ratio (DPR) is presently 58.58%.

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.