Lamb Weston Holdings Inc. (LW) Expected to Announce Earnings of $0.68 Per Share
Equities research analysts expect Lamb Weston Holdings Inc. (NYSE:LW) to post earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lamb Weston’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.65. Lamb Weston reported earnings per share of $0.59 in the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The company is scheduled to report its next earnings results on Thursday, April 5th.
According to Zacks, analysts expect that Lamb Weston will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.52. For the next year, analysts anticipate that the company will report earnings of $2.81 per share, with EPS estimates ranging from $2.55 to $3.05. Zacks’ EPS averages are an average based on a survey of research analysts that follow Lamb Weston.
Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The firm had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter last year, the business earned $0.63 earnings per share. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year.
A number of research firms have weighed in on LW. Jefferies Group reaffirmed a “buy” rating and set a $53.00 price target on shares of Lamb Weston in a research note on Monday, September 25th. Bank of America increased their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Stifel Nicolaus increased their price target on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.13.
In other Lamb Weston news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were acquired at an average price of $58.18 per share, with a total value of $290,900.00. Following the purchase, the director now owns 1,935 shares in the company, valued at approximately $112,578.30. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Schroder Investment Management Group purchased a new position in shares of Lamb Weston in the 2nd quarter valued at $106,000. Chicago Partners Investment Group LLC raised its stake in shares of Lamb Weston by 359.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,881 shares during the period. Advisory Services Network LLC raised its stake in shares of Lamb Weston by 81.5% in the 2nd quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after acquiring an additional 1,389 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in shares of Lamb Weston in the 3rd quarter valued at $146,000. Finally, Huntington National Bank purchased a new position in shares of Lamb Weston in the 3rd quarter valued at $155,000. 79.38% of the stock is currently owned by institutional investors and hedge funds.
Lamb Weston (NYSE:LW) traded up $0.28 during trading hours on Friday, reaching $58.28. 1,095,822 shares of the company’s stock were exchanged, compared to its average volume of 1,528,311. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55. The stock has a market capitalization of $8,480.00 and a P/E ratio of 26.98. Lamb Weston has a 12 month low of $35.81 and a 12 month high of $58.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a yield of 1.31%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is currently 34.72%.
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Lamb Weston 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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