Conagra Brands (NYSE:CAG) posted its quarterly earnings results on Wednesday. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07, Fidelity Earnings reports. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.98 billion. Conagra Brands had a net margin of 8.77% and a return on equity of 15.77%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share.
Shares of CAG opened at $33.78 on Friday. Conagra Brands has a twelve month low of $22.83 and a twelve month high of $39.34. The company has a market cap of $16.50 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.01 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $35.89 and its 200-day simple moving average is $36.29.
The firm also recently disclosed 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 3.26%. Conagra Brands’s dividend payout ratio (DPR) is currently 48.25%.
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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