Conagra Manufacturers (NYSE:CAG – Get Score) up to date its FY 2023 earnings steering on Thursday. The corporate offered earnings per share steering of $2.60-$2.70 for the interval, in comparison with the consensus earnings per share estimate of $2.47. The corporate issued income steering of -. Conagra Manufacturers additionally up to date its FY23 steering to $2.60-2.70 EPS.
Wall Avenue Analysts Forecast Development
Numerous analysis analysts lately commented on the corporate. Deutsche Financial institution Aktiengesellschaft lowered Conagra Manufacturers from a maintain score to a promote score and upped their goal value for the corporate from $33.00 to $34.00 in a analysis be aware on Tuesday, December sixth. Exane BNP Paribas started protection on Conagra Manufacturers in a analysis be aware on Tuesday, November fifteenth. They set an outperform score for the corporate. StockNews.com started protection on Conagra Manufacturers in a analysis be aware on Wednesday, October twelfth. They set a maintain score for the corporate. UBS Group upgraded Conagra Manufacturers from a impartial score to a purchase score and elevated their value goal for the inventory from $35.00 to $41.00 in a analysis be aware on Friday, November 18th. Lastly, Evercore ISI elevated their value goal on Conagra Manufacturers from $40.00 to $42.00 and gave the inventory an outperform score in a analysis be aware on Thursday, December twenty ninth. One analysis analyst has rated the inventory with a promote score, 4 have assigned a maintain score and 5 have issued a purchase score to the inventory. In line with information from MarketBeat.com, the corporate has a consensus score of Maintain and a median goal value of $38.50.
Conagra Manufacturers Value Efficiency
Shares of CAG inventory opened at $38.65 on Thursday. The inventory’s fifty day shifting common is $37.23 and its 200-day shifting common is $35.26. The corporate has a debt-to-equity ratio of 0.88, a fast ratio of 0.24 and a present ratio of 0.78. The inventory has a market capitalization of $18.52 billion, a PE ratio of 32.48, a PEG ratio of two.26 and a beta of 0.57. Conagra Manufacturers has a 52 week low of $30.06 and a 52 week excessive of $39.22.
Conagra Manufacturers (NYSE:CAG – Get Score) final introduced its earnings outcomes on Thursday, October sixth. The corporate reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The corporate had income of $2.90 billion for the quarter, in comparison with analysts’ expectations of $2.84 billion. Conagra Manufacturers had a return on fairness of 13.40% and a web margin of 4.88%. The enterprise’s income for the quarter was up 9.5% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.50 earnings per share. Equities analysis analysts anticipate that Conagra Manufacturers will publish 2.46 EPS for the present fiscal 12 months.
Conagra Manufacturers Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which can be paid on Thursday, March 2nd. Traders of document on Monday, January thirtieth can be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of three.42%. The ex-dividend date is Friday, January twenty seventh. Conagra Manufacturers’s dividend payout ratio is 110.92%.
Insider Exercise at Conagra Manufacturers
In associated information, EVP Carey Bartell offered 6,408 shares of the agency’s inventory in a transaction dated Tuesday, October 18th. The inventory was offered at a median value of $34.50, for a complete worth of $221,076.00. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. 0.98% of the inventory is owned by firm insiders.
Hedge Funds Weigh In On Conagra Manufacturers
A number of hedge funds have lately added to or decreased their stakes in CAG. State Avenue Corp boosted its holdings in Conagra Manufacturers by 12.8% within the first quarter. State Avenue Corp now owns 23,556,766 shares of the corporate’s inventory valued at $790,801,000 after buying a further 2,671,720 shares over the past quarter. Royal Financial institution of Canada boosted its holdings in Conagra Manufacturers by 99.4% throughout the first quarter. Royal Financial institution of Canada now owns 1,761,843 shares of the corporate’s inventory price $59,146,000 after shopping for a further 878,269 shares over the past quarter. Invesco Ltd. boosted its holdings in Conagra Manufacturers by 10.7% throughout the first quarter. Invesco Ltd. now owns 8,716,615 shares of the corporate’s inventory price $292,616,000 after shopping for a further 841,538 shares over the past quarter. Vanguard Group Inc. boosted its holdings in Conagra Manufacturers by 1.5% throughout the first quarter. Vanguard Group Inc. now owns 54,738,710 shares of the corporate’s inventory price $1,837,578,000 after shopping for a further 786,816 shares over the past quarter. Lastly, Allianz Asset Administration GmbH boosted its holdings in Conagra Manufacturers by 509.0% throughout the first quarter. Allianz Asset Administration GmbH now owns 366,225 shares of the corporate’s inventory price $12,294,000 after shopping for a further 306,086 shares over the past quarter. Institutional traders personal 81.08% of the corporate’s inventory.
About Conagra Manufacturers
Conagra Manufacturers, Inc, along with its subsidiaries, operates as a client packaged items meals firm in North America. The corporate operates in 4 segments: Grocery & Snacks, Refrigerated & Frozen, Worldwide, and Foodservice. The Grocery & Snacks section primarily gives shelf secure meals merchandise by means of varied retail channels in america.
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This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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