Q2 EPS Estimates for Conagra Brands Cut by Zacks Research

Key Points

• Zacks Research has lowered its Q2 2026 EPS estimate for Conagra Brands from $0.47 to $0.45 per share, maintaining a "Hold" rating on the stock.
• The company recently announced a quarterly dividend of $0.35 per share, representing an annualized yield of 7.6%.
• Conagra Brands reported earnings of $0.39 per share for its most recent quarter, exceeding expectations, though revenue decreased by 5.8% year-over-year.

Conagra Brands (NYSE:CAG - Free Report) - Stock analysts at Zacks Research reduced their Q2 2026 EPS estimates for shares of Conagra Brands in a research note issued to investors on Tuesday, October 14th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.47. Zacks Research 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' Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.49 EPS, Q3 2027 earnings at $0.46 EPS, Q4 2027 earnings at $0.48 EPS, FY2027 earnings at $1.87 EPS, Q1 2028 earnings at $0.47 EPS and FY2028 earnings at $2.01 EPS.

Several other research analysts have also commented on the company. UBS Group reduced their price target on Conagra Brands from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, September 24th. Wells Fargo & Company lifted their price target on Conagra Brands from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on Conagra Brands in a report on Wednesday, August 20th. They set a "neutral" rating and a $20.00 price target on the stock. Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the stock a "market perform" rating in a report on Friday, July 11th. Finally, Evercore ISI reduced their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Conagra Brands has a consensus rating of "Reduce" and a consensus target price of $21.92.

Conagra Brands Stock Up 1.8%

NYSE CAG opened at $18.52 on Wednesday. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business's fifty day simple moving average is $18.95 and its 200-day simple moving average is $21.21. The firm has a market cap of $8.86 billion, a PE ratio of 10.52, a P/E/G ratio of 1.73 and a beta of 0.03.

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

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a dividend of $0.35 per share. 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 is 79.55%.

Institutional Trading of Conagra Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Conagra Brands by 1.6% during the second quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company's stock worth $1,256,241,000 after purchasing an additional 966,031 shares during the period. State Street Corp increased its stake in Conagra Brands by 2.3% during the second quarter. State Street Corp now owns 26,202,392 shares of the company's stock worth $536,363,000 after purchasing an additional 588,435 shares during the period. Geode Capital Management LLC increased its stake in Conagra Brands by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company's stock worth $262,405,000 after purchasing an additional 193,829 shares during the period. Invesco Ltd. increased its stake in Conagra Brands by 4.7% during the second quarter. Invesco Ltd. now owns 12,414,110 shares of the company's stock worth $254,117,000 after purchasing an additional 554,125 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Conagra Brands by 69.5% during the second quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company's stock worth $207,685,000 after purchasing an additional 4,160,542 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

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