FY2027 EPS Estimates for Conagra Brands Decreased by Analyst

Conagra Brands (NYSE:CAG) – Investment analysts at Zacks Research decreased their FY2027 EPS estimates for Conagra Brands in a report issued on Wednesday, July 29th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.46 per share for the year, down from their previous forecast of $1.74. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Conagra Brands’ current full-year earnings is $1.45 per share. Zacks Research also issued estimates for Conagra Brands’ FY2028 earnings at $1.50 EPS.

Several other equities analysts have also recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Conagra Brands from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. UBS Group raised their price objective on shares of Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Royal Bank Of Canada cut their price objective on Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, June 18th. Finally, Wells Fargo & Company decreased their target price on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Conagra Brands has an average rating of “Reduce” and an average target price of $14.07.

Conagra Brands Trading Down 3.1%

NYSE:CAG opened at $15.02 on Friday. The company has a 50-day moving average price of $13.82 and a 200-day moving average price of $15.57. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of -3.76 and a beta of -0.02. The company has a current ratio of 0.90, a quick ratio of 0.31 and a debt-to-equity ratio of 1.02. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS.

Conagra Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 annualized dividend and a yield of 4.7%. Conagra Brands’s payout ratio is presently -35.00%.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WealthPlan Investment Management LLC raised its stake in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after buying an additional 548 shares in the last quarter. All Terrain Financial Advisors LLC boosted its stake in shares of Conagra Brands by 0.3% in the fourth quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock valued at $3,063,000 after buying an additional 609 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its stake in shares of Conagra Brands by 4.1% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock valued at $311,000 after buying an additional 701 shares in the last quarter. Harbour Investments Inc. grew its holdings in Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after acquiring an additional 701 shares during the period. Finally, Tema ETFs LLC grew its holdings in Conagra Brands by 9.3% during the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after acquiring an additional 725 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

More Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Zacks Research projects Conagra’s fiscal 2029 earnings at $1.61 per share, above the current-year consensus estimate of $1.45, suggesting potential longer-term earnings improvement if the company stabilizes its business. Conagra Brands analyst estimates
• Neutral Sentiment: Conagra announced that its chief operating officer is retiring and that it will eliminate the COO position. The move could streamline management, although investors may watch for any effect on execution and leadership responsibilities. Conagra Brands retires COO role
• Neutral Sentiment: One analysis said the stock may be fairly valued following its earlier decline, which could limit downside at current levels but offers little immediate catalyst for a stronger re-rating. Conagra stock valuation analysis
• Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods, including fiscal 2027 first-quarter earnings to $0.32 from $0.40, second-quarter earnings to $0.39 from $0.49, and third-quarter earnings to $0.36 from $0.40. It also cut fiscal 2028 estimates, including fourth-quarter EPS to $0.40 from $0.46, and maintains a “Strong Sell” rating. The broad reductions are the clearest reason for the stock’s decline. Zacks Research Conagra estimates
• Negative Sentiment: Broader consumer-staples commentary points to weakening pricing power as shoppers resist additional price increases. That environment threatens sales growth and margins for Conagra and other packaged-food companies. Consumer staples pricing pressure

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.