Lamb Weston (NYSE:LW) issued its earnings results on Wednesday. The specialty retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04, MarketWatch Earnings reports. Lamb Weston had a net margin of 9.24% and a return on equity of 130.91%. The company had revenue of $896.10 million for the quarter, compared to analyst estimates of $890.13 million. During the same period in the previous year, the firm earned $0.95 EPS. The business’s revenue was down 12.1% on a year-over-year basis.
LW traded down $0.11 during trading on Friday, hitting $75.59. The company’s stock had a trading volume of 14,205 shares, compared to its average volume of 1,211,061. The firm’s 50 day moving average price is $75.65 and its two-hundred day moving average price is $68.36. The company has a quick ratio of 2.58, a current ratio of 3.44 and a debt-to-equity ratio of 8.98. Lamb Weston has a 12 month low of $39.06 and a 12 month high of $96.32. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 5th. Investors of record on Friday, February 5th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 4th. This is an increase from Lamb Weston’s previous quarterly dividend of $0.23. Lamb Weston’s dividend payout ratio (DPR) is 36.80%.
LW has been the subject of several recent analyst reports. BidaskClub cut Lamb Weston from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a report on Wednesday, October 7th. JPMorgan Chase & Co. raised Lamb Weston from a “neutral” rating to an “overweight” rating and upped their target price for the company from $74.00 to $89.00 in a research report on Monday, December 7th. Zacks Investment Research raised Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Thursday, October 8th. Finally, Bank of America upped their price target on Lamb Weston from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $67.00.
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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