Earnings results for Conagra Brands Inc (NYSE:CAG)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMay 2020 , the consensus EPS* forecast has remained the same over the past week at 0.66 and increased over the past month from 0.65 to 0.66(1.54%). Of the 3 analysts making quarterly forecasts, 2raised and 2 lowered their forecast. For the fiscal year ending May 2020 , the consensus EPS* forecast has remained the same over the past week at 2.19 and increased over the past month from 2.18 to 2.19(0.46%). Of the 3 analysts making yearly forecasts, 2raised and 1 lowered their forecast.
Conagra Brands last released its earnings results on March 31st, 2020. The reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.02. The business earned $2.56 billion during the quarter, compared to analyst estimates of $2.59 billion. Its revenue for the quarter was down 5.6% on a year-over-year basis. Conagra Brands has generated $2.01 earnings per share over the last year and currently has a price-to-earnings ratio of 21.5. Conagra Brands has confirmed that its next quarterly earnings report will be published on Tuesday, June 30th, 2020. Conagra Brands will be holding an earnings conference call on Tuesday, June 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on Conagra Brands Inc (NYSE:CAG)
16 Wall Street analysts have issued ratings and price targets for Conagra Brands in the last 12 months. Their average twelve-month price target is $34.33, suggesting that the stock has a possible upside of 1.88%. The high price target for CAG is $41.00 and the low price target for CAG is $29.00. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”
Conagra Brands has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 6 buy ratings, 9 hold ratings, and no sell ratings. According to analysts’ consensus price target of $34.33, Conagra Brands has a potential upside of 1.9% from its current price of $33.70. Conagra Brands has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Conagra Brands Inc (NYSE:CAG)
Conagra Brands pays a meaningful dividend of 2.60%, higher than the bottom 25% of all stocks that pay dividends. Conagra Brands has only been increasing its dividend for 1 years. The dividend payout ratio of Conagra Brands is 42.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 36.80% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.
Insiders buying/selling: Conagra Brands Inc (NYSE:CAG)
In the past three months, Conagra Brands insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,745,447.00 in company stock. Only 0.84% of the stock of Conagra Brands is held by insiders. 82.69% of the stock of Conagra Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Conagra Brands Inc (NYSE:CAG
Earnings for Conagra Brands are expected to grow by 5.48% in the coming year, from $2.19 to $2.31 per share. The P/E ratio of Conagra Brands is 21.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.20. The P/E ratio of Conagra Brands is 21.47, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 37.51. Conagra Brands has a PEG Ratio of 2.02. PEG Ratios above 1 indicate that a company could be overvalued. Conagra Brands has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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