Conagra Brands (NYSE:CAG) issued an update on its FY 2022
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 2.63-2.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.60. Conagra Brands also updated its FY22 guidance to $2.63-2.73 EPS.
NYSE:CAG opened at $37.24 on Thursday. The firm has a market cap of $18.19 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.35 and a current ratio of 0.83. Conagra Brands has a fifty-two week low of $30.12 and a fifty-two week high of $39.34. The firm has a 50-day simple moving average of $36.31 and a two-hundred day simple moving average of $35.81.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, January 6th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Conagra Brands had a net margin of 9.67% and a return on equity of 16.50%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Conagra Brands will post 2.6 EPS for the current year.
In related news, Director Richard H. Lenny purchased 10,000 shares of the business’s stock in a transaction dated Friday, January 8th. The shares were purchased at an average cost of $33.70 per share, for a total transaction of $337,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas M. Mcgough sold 45,660 shares of the company’s stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $37.55, for a total transaction of $1,714,533.00. Following the completion of the transaction, the chief operating officer now owns 102,001 shares in the company, valued at $3,830,137.55. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
About Conagra Brands
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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