Wall Street brokerages expect that Lamb Weston Holdings Inc. (NYSE:LW) will report $797.70 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Lamb Weston Holdings’ earnings. The lowest sales estimate is $794.40 million and the highest is $801.00 million. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Lamb Weston Holdings will report full year sales of $797.70 million for the current year, with estimates ranging from $3.27 billion to $3.30 billion. For the next financial year, analysts forecast that the business will post sales of $3.37 billion per share, with estimates ranging from $3.37 billion to $3.38 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Lamb Weston Holdings.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to analyst estimates of $810.85 million. During the same period in the previous year, the company earned $0.29 EPS. Lamb Weston Holdings’s revenue was up 7.2% on a year-over-year basis.

A number of research firms have issued reports on LW. Berenberg Bank began coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a “buy” rating and a $49.00 target price for the company. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price target for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 price target (up previously from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.22.

Lamb Weston Holdings (LW) traded up 0.93% during midday trading on Wednesday, reaching $43.62. 441,720 shares of the company were exchanged. The firm has a market cap of $6.37 billion and a P/E ratio of 19.65. The firm’s 50-day moving average is $44.49 and its 200-day moving average is $42.36. Lamb Weston Holdings has a one year low of $28.75 and a one year high of $49.94.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 2nd.

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Institutional investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. purchased a new position in Lamb Weston Holdings during the second quarter worth approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,100 shares in the last quarter. Transamerica Financial Advisors Inc. raised its position in Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock worth $162,000 after buying an additional 26 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Lamb Weston Holdings during the first quarter worth approximately $170,000. Finally, State of Alaska Department of Revenue purchased a new position in Lamb Weston Holdings during the second quarter worth approximately $175,000. 77.56% of the stock is currently owned by institutional investors.

Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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Earnings History and Estimates for Lamb Weston Holdings (NYSE:LW)

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