ConAgra Foods, Inc. (NYSE:CAG) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.51% to close at $47.22 with the total traded volume of 2.21 Million shares. Packaged food firm, ConAgra Foods, Inc. (CAG) revealed that record date for the spin-off of its Lamb Weston business would be November 1 and distribution date would be November 9.
The spin-off is predictable to be effected through the distribution of 100 percent of the ordinary shares of Lamb Weston to holders of ConAgra Foods’ ordinary shares: The completion of the distribution remains subject to customary closing conditions, comprising the Securities and Exchange Commission having reported effective Lamb Weston’s Registration Statement on Form 10. ConAgra Foods also reported that its bodagreed an raise to its existing share repurchase program, authorizing $1.25 billion of total expenditures on the program. The firm has institutional ownership of 78.60%, while insider ownership included 0.20%. Its price to sales ratio ended at 1.81. CAG attains analyst recommendation of 2.40 with week performance of 0.15%.
Rent-A-Center, Inc. (NASDAQ:RCII) [Trend Analysis] increased reacts as active mover, shares an advance 4.03% to traded at $9.55 and the percentage gap among open changing to regular change was 0.87%. Rent-A-Center, Inc. (RCII) revealed that firm anticipates eps for the third quarter, on both a GAAP basis and not comprising special items, to be among $0.05 and $0.15. Analysts polled by Thomson Reuters expect the firm to report profit per share of $0.39 for the quarter. Analysts’ anticipates typically exclude special items.
Rent-A-Center anticipates Core U.S. same store sales for the three months ended September 30, 2016 to be down about 12%, and Acceptance Now same store sales to be essentially flat. Core U.S. gross profit, as a percent of total income, is estimated to be flat compared to the third quarter of previous year. Robert Davis, CEO of Rent-A-Center, stated: “Following the implementation of our new point-of-sale system, we experienced system performance issues and outages that resulted in a larger than predictable negative impact on Core sales. While we expect it to take several quarters to fully recover from the impact to the Core portfolio, system performance has improved dramatically and we have started to see early indicators of collections improvement.” The firm past twelve months price to sales ratio was 0.16 and price to cash ratio remained 5.81. As far as the returns are concern, the return on equity was recorded as -122.90% and return on investment was -57.30% while its return on asset stayed at -41.20%. The firm has total debt to equity ratio measured as 1.44.