What to Expect When ConAgra Foods (CAG) Posts Earnings Tuesday

NEW YORK (TheStreet) -- Shares of ConAgra Foods Inc.  (CAG) finished Monday's regular trading session down 1.3% to $43.43, one day ahead of the packaged foods powerhouse's fiscal fourth quarter earnings release.

The company is scheduled to report its latest earnings before the market opens on Tuesday. 

Wall Street is expecting ConAgra to earn 59 cents per share on revenue of $4.135 billion for the fourth quarter, according to analysts polled by Thomson Reuters.

In the same quarter of last year, the company earned 55 cents per share on sales of $4.44 billion.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says ConAgra should dump its private-label foods unit Ralcorp, after acquiring it for nearly $5 billion in 2012.

Omaha-based ConAgra Foods is a packaged food company that provides branded and private branded foods in households, commercial foods businesses, and foodservice operations.

The company's brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack.

CongAra Foods products are sold in grocery, convenience, mass merchandise, club, and drug stores.

Separately, TheStreet Ratings team rates CONAGRA FOODS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CONAGRA FOODS INC (CAG) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

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