CONAGRA BRANDS REPORTS THIRD QUARTER RESULTS

ConAgra (CAG) PT Raised to $32 at Citi

Citi analyst Thomas Palmer raised the price target on ConAgra (NYSE: CAG) to $32.00 (from $30.00) while maintaining a Neutral rating.

The analyst comments "The CAG shares were +5% yesterday after reporting a sales and EPS beat, almost entirely due to stronger price/mix in... More

ConAgra (CAG) PT Raised to $32 at Morgan Stanley

Morgan Stanley analyst Pamela Kaufman raised the price target on ConAgra (NYSE: CAG) to $32.00 (from $29.00) while maintaining a Equalweight rating.

The analyst comments "Conagras third quarter earnings featured a better than expected profit performance and sequential organic sales progress. Organic sales declined 2%, improving... More

ConAgra (CAG) PT Raised to $34 at CFRA

CFRA analyst Arun Sundaram raised the price target on ConAgra (NYSE: CAG) to $34.00 (from $30.00) while maintaining a Hold rating.

The analyst comments "We lift our 12-month target by $4 to $34, 12.1x our FY 25 (May) EPS of $2.81 (up from $2.69; FY 24 up to $2.63 from $2.61) vs. the... More

Conagra raises adjusted operating margin guidance as Q3 tops estimates; shares jump

Conagra Brands (NYSE: CAG) saw its shares jump 5% at the market open on Thursday after the company delivered better-than-anticipated earnings and revenue for the fiscal Q3 2024.

The food company reported earnings per share (EPS) of $0.69, topping the consensus estimates of $0.64. Revenue for the quarter came in at $3.03 billion, also above the... More

ConAgra Brands (CAG) Tops Q3 EPS by 5c

ConAgra Brands (NYSE: CAG) reported Q3 EPS of $0.69, $0.05 better than the analyst estimate of $0.64. Revenue for the quarter came in at $3.03 billion versus the consensus estimate of $3.01 billion.

GUIDANCE:

ConAgra Brands sees FY2024 EPS of $2.60-$2.65, versus the consensus of $2.60.