ConAgra Brands, Inc. (NYSE:CAG) packaged food provider, is expected to report fourth quarter earnings results, before market open, on Tuesday 30th June 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.65 per share.
Looking ahead, the full year income are expected at $ 2.19 per share on the revenues of $ 10893.10 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 10,492.00 million ~ $ 10,540.00 million, where as bottomline are predicted in a range of $ 2.00 ~ $ 2.07 per share
Stock Performance
According to the previous trading day, closing price of CAG was $ 33.70, representing a 47.61 % increase from the 52 week low of $ 22.83 and a 5.31 % decrease over the 52 week high of $ 35.59.
The company has a market capital of $ 16.41 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 32.00 target price.
On 15th May 2020, maintained by Credit Suisse Group at Neutral rating, with $ 36.00 target price.
On 11th May 2020, downgraded by SunTrust Robinson Humphrey to Hold from Buy rating
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.2125 per share on April 16, 2020. The dividend were payable on June 3, 2020 to holders of record as of the close of business on April 30, 2020 and ex-dividend date on April 29, 2020.
Conference Call
ConAgra Brands, Inc. will be hosting a conference call at 9:30 AM eastern time on 30th June 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 1-877-883-0383 (United States) or 1-412-902-6506 Outside U.S., and the passcode is 3825326 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/cag/mediaframe/38225/indexr.html
Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Pinnacle Foods segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
