Lamb Weston (NYSE:LW) posted its earnings results on Tuesday. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06), MarketWatch Earnings reports. The business had revenue of $895.80 million during the quarter, compared to analysts’ expectations of $819.94 million. Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS.
Shares of LW stock traded down $1.11 during mid-day trading on Thursday, hitting $76.88. 23,954 shares of the stock were exchanged, compared to its average volume of 992,364. The stock’s fifty day simple moving average is $80.38 and its two-hundred day simple moving average is $75.25. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 3.31 and a beta of 0.78. Lamb Weston has a 12-month low of $51.72 and a 12-month high of $86.41. The company has a debt-to-equity ratio of 6.65, a quick ratio of 1.88 and a current ratio of 2.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 7th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 6th. Lamb Weston’s payout ratio is 37.60%.
In other news, CEO Thomas P. Werner sold 69,500 shares of the stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $77.65, for a total transaction of $5,396,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eryk J. Spytek sold 6,183 shares of the stock in a transaction dated Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.
Several equities analysts recently commented on LW shares. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday. The Goldman Sachs Group lowered Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $84.00 to $81.00 in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Lamb Weston has an average rating of “Buy” and an average price target of $81.20.
About Lamb Weston
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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