Conagra EPS Estimate Cut to $0.40, Revenue Seen Falling 2.6%, Dividend $0.35
Analysts trimmed Conagra’s third-quarter EPS estimate to $0.40 (down 21.6% year-over-year) and revenue outlook to $2.78 billion (down 2.6%) ahead of the April 1 release. The board approved a $0.35 quarterly dividend as the company navigates a negative P/E of –76.8 and a 0.89 current ratio.
1. Analyst Forecast Revisions
In the past month analysts trimmed Conagra’s third-quarter EPS estimate by 0.5% to $0.40 and cut revenue forecasts to $2.78 billion, signaling expectations for a year-over-year EPS decline of 21.6% and a 2.6% revenue decrease.
2. Dividend Commitment
The board approved a quarterly dividend of $0.35 per share, payable June 3 to holders of record as of April 30, maintaining the company’s uninterrupted dividend streak since 1976.
3. Liquidity and Valuation Concerns
Conagra’s valuation and liquidity metrics underscore financial challenges, with a negative price-to-earnings ratio of 76.8 and a current ratio of 0.89 highlighting profitability and short-term liquidity pressures.
4. Upcoming Earnings Release
The third-quarter earnings report is scheduled for release before the market opens on April 1, with investors focusing on whether Conagra can counter declining sales and earnings trends.