Conagra Brands (NYSE:CAG) released its quarterly earnings data on Wednesday. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07, Fidelity Earnings reports. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.98 billion. Conagra Brands had a net margin of 8.77% and a return on equity of 15.77%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share.
Conagra Brands stock traded up $0.29 during mid-day trading on Friday, hitting $34.07. 6,454,245 shares of the company traded hands, compared to its average volume of 5,771,709. Conagra Brands has a one year low of $22.83 and a one year high of $39.34. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.44 and a current ratio of 0.95. The stock has a fifty day moving average price of $35.89 and a 200-day moving average price of $36.29.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 3rd. Shareholders of record on Friday, January 29th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, January 28th. This represents a $1.10 annualized dividend and a yield of 3.23%. Conagra Brands’s payout ratio is presently 48.25%.
Conagra Brands Company Profile
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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