ConAgra (CAG) Announces Quarterly Earnings Results, Misses Expectations By $-0.01 EPS

ConAgra (CAG) announced its quarterly earnings results on Tuesday, Dec-22-2015. The company reported $0.58 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.01. Analyst had a consensus of $0.59 EPS. The company had revenue of $3093.00 million for the quarter, compared to analysts expectations of $3117.32 million.The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, ConAgra posted $0.61 EPS.

Shares of ConAgra Foods, Inc. (NYSE:CAG) ended Thursday session in red amid volatile trading. The shares closed down 0.17 points or 0.42% at $40.63 with 2,424,632 shares getting traded. Post opening the session at $40.7, the shares hit an intraday low of $40.27 and an intraday high of $41.11 and the price vacillated in this range throughout the day. The company has a market cap of $17,589 million and the number of outstanding shares has been calculated to be 432,911,190 shares. The 52-week high of ConAgra Foods, Inc. (NYSE:CAG) is $45.49 and the 52-week low is $33.45.

As many as 8 brokerage firms have rated ConAgra Foods, Inc. (NYSE:CAG) at 2.06. Research Analysts at Zacks have ranked the company at 2, suggesting the traders with a rating of buy for the short term. The stock garnered a place in the hold list of 4 stock Analysts. 1 analysts suggested buying the company. 3 analysts rated the company as a strong buy.

ConAgra Foods, Inc. (NYSE:CAG): 6 analysts have set the short term price target of ConAgra Foods, Inc. (NYSE:CAG) at $47. The standard deviation of short term price target has been estimated at $1.67, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 50 and $45 respectively.

Shares of ConAgra Foods, Inc. rose by 0.77% in the last five trading days and 3.23% for the last 4 weeks. ConAgra Foods, Inc. has dropped 3.17% during the last 3-month period . Year-to-Date the stock performance stands at 14.88%.

ConAgra Foods, Inc. is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products. Consumers can find recognized brands such as Banquet, Chef Boyarde, Egg Beaters, Healthy Choice, Hebrew National, Hunt’s, Marie Callender’s, Odom’s Tennessee Pride, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack, and many other ConAgra Foods brands and products, along with food sold by ConAgra Foods under private brands, in grocery, convenience, mass merchandise, club stores, and drugstores. In July 2014, the Company acquired TaiMei Potato Industry Limited, a potato processor in Shangdu, Inner Mongolia.