Equities analysts predict that Lamb Weston Holdings Inc (NYSE:LW) will post $961.99 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lamb Weston’s earnings. The lowest sales estimate is $950.00 million and the highest is $977.78 million. Lamb Weston reported sales of $926.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next earnings results on Tuesday, April 7th.

On average, analysts expect that Lamb Weston will report full year sales of $4.10 billion for the current financial year, with estimates ranging from $4.08 billion to $4.12 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.17 billion, with estimates ranging from $4.14 billion to $4.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Lamb Weston.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.88 million. Lamb Weston had a net margin of 12.90% and a return on equity of 869.30%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share.

LW has been the subject of several research analyst reports. ValuEngine lowered Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. TheStreet upgraded shares of Lamb Weston from a “c+” rating to a “b” rating in a research note on Monday, October 28th. Barclays set a $83.00 price target on shares of Lamb Weston and gave the stock a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Monday, December 23rd. Finally, Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and lifted their price target for the stock from $81.00 to $92.00 in a research note on Sunday, January 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Lamb Weston has a consensus rating of “Buy” and an average price target of $82.29.

NYSE:LW traded up $0.70 during trading hours on Friday, hitting $91.20. 1,156,434 shares of the company’s stock traded hands, compared to its average volume of 1,407,765. The firm has a market cap of $13.22 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.93 and a beta of 0.20. Lamb Weston has a 52 week low of $58.83 and a 52 week high of $94.46. The business’s fifty day simple moving average is $87.26 and its two-hundred day simple moving average is $76.51. The company has a quick ratio of 0.70, a current ratio of 1.65 and a debt-to-equity ratio of 10.96.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.01%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.20. Lamb Weston’s dividend payout ratio (DPR) is 24.84%.

In other news, VP Bernadette M. Madarieta sold 3,472 shares of the firm’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $91.47, for a total transaction of $317,583.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Mcnutt sold 8,696 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $91.20, for a total value of $793,075.20. Following the sale, the chief financial officer now directly owns 59,111 shares in the company, valued at approximately $5,390,923.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,168 shares of company stock worth $1,663,079. Company insiders own 0.82% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in shares of Lamb Weston during the 2nd quarter valued at $43,000. Quadrant Capital Group LLC grew its holdings in shares of Lamb Weston by 261.9% during the third quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty retailer’s stock worth $43,000 after buying an additional 461 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Lamb Weston during the third quarter worth about $50,000. CSat Investment Advisory L.P. grew its holdings in shares of Lamb Weston by 103.2% during the second quarter. CSat Investment Advisory L.P. now owns 817 shares of the specialty retailer’s stock worth $52,000 after buying an additional 415 shares in the last quarter. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $54,000. 88.13% of the stock is currently owned by institutional investors.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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