UPDATE: ConAgra Foods Spikes To Yr Highs as Q1 Beats, Raises FY13 EPS Guidance Above Street, Lifts Dividend

By
A A A

ConAgra Foods ( CAG ) is up 7.1% at $27.47 after hitting a new year high of $27.75. CAG today reported Q1 earnings of $0.44 per share, ex one-time items, versus the Capital IQ consensus of $0.35. Revenues were $3.31 bln, versus the analyst estimate of $3.24 bln.

The company raised its FY13 EPS outlook to $2.03 - $2.06, excluding non-recurring items, from the previous outlook of $1.95 - $1.99, above the $1.98 consensus estimate.

Additionally, CAG's board of directors raised the quarterly dividend by $0.01 to $0.25 per share, starting with the dividend to be paid in December 2012. With this change, CAG's annualized dividend will be $1.00 per share.

Shares have increased 19% in the last 12 months.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: CAG

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Russell’s One Good Reason
Russell’s One Good Reason           
Tammy’s One Good Reason
Tammy’s One Good Reason             
Lisa’s One Good Reason
Lisa’s One Good Reason              
Tammy’s #OneGoodReason
Tammy’s #OneGoodReason              

Stocks

Referenced

75%

Most Active by Volume

81,328,116
  • $7.309 ▲ 22.02%
67,060,569
  • $9 ▼ 4.46%
62,212,709
  • $17.16 ▲ 0.76%
39,243,480
  • $33.92 ▲ 4.11%
38,773,342
  • $11.70 ▲ 3.36%
38,315,441
  • $101.34 ▲ 1.32%
38,217,673
  • $74.99 ▲ 1.19%
34,061,955
  • $107.91 ▲ 0.87%
As of 10/31/2014, 03:46 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com