Conagra Brands (NYSE:CAG) announced its quarterly earnings data on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01, Briefing.com reports. Conagra Brands had a return on equity of 16.50% and a net margin of 9.67%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 8.5% compared to the same quarter last year.
Shares of CAG stock opened at $37.24 on Thursday. Conagra Brands has a 52 week low of $30.12 and a 52 week high of $39.34. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.86 and a beta of 0.86. The company has a 50-day simple moving average of $36.31 and a 200 day simple moving average of $35.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.35 and a current ratio of 0.83.
In other news, Director Richard H. Lenny acquired 10,000 shares of Conagra Brands stock in a transaction dated Friday, January 8th. The stock was bought at an average price of $33.70 per share, for a total transaction of $337,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Mcgough sold 45,660 shares of the company’s stock in a transaction that occurred on Friday, March 19th. The shares were sold at an average price of $37.55, for a total value of $1,714,533.00. Following the completion of the transaction, the chief operating officer now directly owns 102,001 shares in the company, valued at approximately $3,830,137.55. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
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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