Analysts expect Lamb Weston Holdings (NYSE:LW) to announce earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lamb Weston’s earnings, with estimates ranging from $0.59 to $0.66. Lamb Weston posted earnings of $0.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 23.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Lamb Weston will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.61. For the next financial year, analysts forecast that the business will post earnings of $3.04 per share, with EPS estimates ranging from $2.95 to $3.13. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Lamb Weston.
Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The firm had revenue of $863.40 million during the quarter, compared to analysts’ expectations of $813.81 million. During the same period in the previous year, the business posted $0.59 EPS. The business’s revenue was up 12.3% compared to the same quarter last year.
LW has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Thursday, March 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Jefferies Group boosted their target price on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley boosted their target price on shares of Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Lamb Weston has a consensus rating of “Buy” and an average target price of $59.71.
Shares of LW traded up $0.31 during trading hours on Friday, hitting $61.78. The stock had a trading volume of 1,652,389 shares, compared to its average volume of 1,062,375. The company has a debt-to-equity ratio of -5.98, a current ratio of 1.72 and a quick ratio of 0.53. Lamb Weston has a fifty-two week low of $40.75 and a fifty-two week high of $62.83. The stock has a market cap of $8,988.40, a P/E ratio of 26.63, a P/E/G ratio of 1.97 and a beta of 0.78.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be given a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 3rd. Lamb Weston’s dividend payout ratio is presently 32.76%.
In related news, Director Peter J. Bensen acquired 5,000 shares of Lamb Weston stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $58.18 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Ferris Capital LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at about $309,000. Employees Retirement System of Texas raised its position in shares of Lamb Weston by 49.9% in the fourth quarter. Employees Retirement System of Texas now owns 483,666 shares of the specialty retailer’s stock valued at $27,303,000 after buying an additional 161,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lamb Weston by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock valued at $17,285,000 after buying an additional 7,294 shares during the last quarter. Resources Investment Advisors Inc. raised its position in shares of Lamb Weston by 6,905.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 28,020 shares of the specialty retailer’s stock valued at $1,582,000 after buying an additional 27,620 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Lamb Weston by 3.4% in the fourth quarter. Sei Investments Co. now owns 156,934 shares of the specialty retailer’s stock valued at $8,859,000 after buying an additional 5,154 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.
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About Lamb Weston
Lamb Weston Holdings, Inc produces 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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