Lamb Weston Holdings (NYSE:LW) Given News Impact Score of 0.07
Media coverage about Lamb Weston Holdings (NYSE:LW) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lamb Weston Holdings earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.571822474734 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- ETFs with exposure to Lamb Weston Holdings, Inc. : August 8, 2017 (finance.yahoo.com)
- Lamb Weston Holdings Inc (LW) Technicals Are Speaking Volumes; Where is This Stock Headed? – Stock Press Daily (stockpressdaily.com)
- Shining the Spotlight on Lamb Weston Holdings Inc (LW)’s Numbers … – Financial News Review (finnewsreview.com)
- Research Desk Line-up: Pinnacle Foods Post Earnings Coverage (finance.yahoo.com)
Several research firms have commented on LW. Zacks Investment Research cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Morgan Stanley restated an “equal weight” rating and issued a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. CL King began coverage on shares of Lamb Weston Holdings in a research report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price for the company. Jefferies Group LLC restated a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Finally, Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their target price for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.22.
Shares of Lamb Weston Holdings (LW) traded up 1.06% during mid-day trading on Friday, hitting $44.81. 452,938 shares of the stock were exchanged. Lamb Weston Holdings has a 1-year low of $29.62 and a 1-year high of $49.94. The company’s 50-day moving average is $44.09 and its 200-day moving average is $42.64. The firm has a market cap of $6.55 billion and a price-to-earnings ratio of 20.18.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $833 million for the quarter, compared to the consensus estimate of $810.85 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Lamb Weston Holdings will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, August 2nd.
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About Lamb Weston Holdings
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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