Conagra Brands, Inc. (NYSE:CAG) has carved a name for itself in the processed & packaging food industry with superior processed food items for household and commercial clients. The product portfolio of this Omaha, NE-headquartered firm includes leading consumer brands that are found in 99% of America’s households.
Currently, CAG has a Zacks Rank #3 (Hold), but that could definitely change after the release of its fourth-quarter fiscal 2017 (ended May 31, 2017) results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: CAG’s adjusted earnings from continuing operations in fourth-quarter fiscal 2017, came in at 37 cents, in-line with the Zacks Consensus Estimate of 37 cents.
Revenue: CAG posted revenues of $1,861.7 million, above the Zacks Consensus Estimate of $1,859 million.
Key Stats: CAG anticipates to report adjusted earnings from continuing operations within the range of $1.84-$1.89 per share for fiscal 2018. The company plans to buyback roughly $1.1 billion worth shares of its common stock in fiscal 2018.
Stock Price: Shares prices of CAG did not change on a pre-market trading basis.
As of Jun 28, 2017, CAG’s closed the trading session at $37.37 per share.
Check back our full write up on this CAG earnings report later!
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ConAgra Foods Inc. (CAG): Free Stock Analysis Report
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