Analysts Anticipate Lamb Weston Holdings Inc (LW) to Post $0.70 Earnings Per Share

Wall Street analysts expect that Lamb Weston Holdings Inc (NYSE:LW) will report earnings of $0.70 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lamb Weston’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.69. Lamb Weston posted earnings of $0.59 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The firm is expected to announce its next earnings report on Thursday, April 5th.

On average, analysts expect that Lamb Weston will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.41 to $2.52. For the next financial year, analysts forecast that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.70 to $3.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Lamb Weston.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $824.60 million during the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group raised their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Bank of America raised their price target on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.14.

In other news, Director Peter J. Bensen bought 5,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were acquired at an average cost of $58.18 per share, with a total value of $290,900.00. Following the completion of the transaction, the director now owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Globeflex Capital L P purchased a new position in shares of Lamb Weston during the 4th quarter valued at about $106,000. Tower Research Capital LLC TRC lifted its position in shares of Lamb Weston by 844.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 1,688 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Lamb Weston during the 4th quarter valued at about $112,000. Chicago Partners Investment Group LLC lifted its position in shares of Lamb Weston by 359.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,881 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Lamb Weston by 81.5% during the 2nd quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 1,389 shares in the last quarter. 80.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lamb Weston (LW) traded down $1.29 during trading on Thursday, reaching $54.29. The company’s stock had a trading volume of 929,792 shares, compared to its average volume of 1,374,082. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. The stock has a market capitalization of $8,127.13, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.87 and a beta of 0.43. Lamb Weston has a fifty-two week low of $39.07 and a fifty-two week high of $60.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be issued a $0.1913 dividend. This represents a $0.77 annualized dividend and a yield of 1.41%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 35.19%.

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

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