Conagra Brands (NYSE:CAG) is set to release its earnings data before the market opens on Thursday, April 4th, 2024. Analysts are expecting the company to post earnings of $0.63 per share for the quarter. The company has also set its FY 2024 guidance at 2.600-2.650 EPS and its FY24 guidance at $2.60-2.65 EPS.
Conagra Brands last announced its quarterly earnings results on Thursday, January 4th, reporting $0.71 earnings per share (EPS) for the quarter, surpassing analysts’ consensus estimates of $0.68 by $0.03. The company had a return on equity of 14.78% and a net margin of 8.09%. It recorded revenue of $3.21 billion for the quarter, slightly lower than the consensus estimate of $3.23 billion. During the same period last year, the company posted $0.81 EPS, with its revenue down 3.2% compared to the same quarter last year.
Shares of Conagra Brands stock opened at $29.49 on Thursday, with a 52-week low of $25.16 and a 52-week high of $38.94. The firm’s 50-day moving average price is $28.42, and its 200-day moving average price is $28.30. It has a quick ratio of 0.31, a current ratio of 0.91, and a debt-to-equity ratio of 0.83. The company has a market cap of $14.10 billion, a P/E ratio of 14.32, a PEG ratio of 3.09, and a beta of 0.42.
Institutional investors have also made changes to their positions in the business. Clear Street Markets LLC raised its stake in shares of Conagra Brands by 93.2% during the 1st quarter, now owning 935 shares of the company’s stock valued at $35,000 after buying an additional 451 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Conagra Brands during the fourth quarter worth about $39,000. Coppell Advisory Solutions LLC purchased a new position in Conagra Brands during the second quarter valued at approximately $35,000. First Capital Advisors Group LLC. acquired a new position in Conagra Brands in the second quarter valued at approximately $62,000. Finally, Belpointe Asset Management LLC lifted its holdings in Conagra Brands by 136.4% in the first quarter, now owning 2,603 shares of the company’s stock valued at $98,000 after acquiring an additional 1,5
