Q1 EPS Estimates for Conagra Brands Raised by Zacks Research

Conagra Brands (NYSE:CAG) – Research analysts at Zacks Research increased their Q1 2028 EPS estimates for Conagra Brands in a note issued to investors on Monday, October 12th. Zacks Research analyst Team now anticipates that the company will earn $0.36 per share for the quarter, up from their prior forecast of $0.33. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Conagra Brands’ current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Conagra Brands’ Q4 2028 earnings at $0.42 EPS.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.13. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS.

CAG has been the topic of several other reports. Barclays dropped their price target on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. UBS Group increased their price objective on Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Up 1.2%

Shares of NYSE:CAG opened at $13.86 on Thursday. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32. The firm has a market capitalization of $6.62 billion, a P/E ratio of -3.48 and a beta of 0.02. The stock has a 50 day moving average price of $14.93 and a 200-day moving average price of $14.44. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.39 and a current ratio of 1.10.

Hedge Funds Weigh In On Conagra Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC raised its stake in shares of Conagra Brands by 25.0% in the fourth quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock worth $13,634,000 after purchasing an additional 157,423 shares during the last quarter. AIA Group Ltd lifted its holdings in shares of Conagra Brands by 319.5% during the first quarter. AIA Group Ltd now owns 411,099 shares of the company’s stock valued at $6,462,000 after purchasing an additional 313,106 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Conagra Brands during the second quarter valued at $1,071,275,000. Corient Private Wealth LP boosted its position in shares of Conagra Brands by 655.5% during the second quarter. Corient Private Wealth LP now owns 1,356,285 shares of the company’s stock valued at $18,256,000 after buying an additional 1,176,752 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Conagra Brands by 233.9% during the first quarter. Bleakley Financial Group LLC now owns 162,249 shares of the company’s stock valued at $2,551,000 after buying an additional 113,657 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, November 5th. Conagra Brands’s dividend payout ratio is -17.59%.

Trending Headlines about Conagra Brands

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

• Positive Sentiment: Zacks raised its Q1 2029 EPS forecast to $0.38 from $0.35, indicating some confidence in Conagra’s earnings potential over the longer term. The firm projects FY2029 EPS of $1.55. Conagra Brands analyst estimates
• Neutral Sentiment: Zacks’ estimates remain broadly close to consensus, with forecasts of $1.45 EPS for FY2027 and $1.47 for FY2028 versus the current consensus estimate of $1.46 for the current fiscal year. This suggests limited near-term earnings-revision momentum rather than a major change in the outlook. Conagra Brands analyst estimates
• Negative Sentiment: Zacks lowered its forecasts for Q2 2027 EPS to $0.34 from $0.39, Q3 2027 EPS to $0.33 from $0.36, and Q4 2027 EPS to $0.37 from $0.39. It also reduced FY2027 EPS to $1.45 from $1.46, FY2028 EPS to $1.47 from $1.50, and FY2029 EPS to $1.55 from $1.61. The repeated reductions point to concerns about Conagra’s earnings trajectory and may limit upside in the stock.
• Negative Sentiment: A separate dividend-stock warning article highlights the risks that can accompany unusually high yields, including possible dividend cuts and underlying business weakness. The article’s supplied description does not confirm that Conagra is one of the stocks discussed, so its direct impact on CAG is uncertain. Dividend stock warning article

About Conagra Brands

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.