Lamb Weston Holdings Inc. (LW) Expected to Post Quarterly Sales of $816.60 Million
Equities research analysts predict that Lamb Weston Holdings Inc. (NYSE:LW) will announce $816.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lamb Weston Holdings’ earnings. The highest sales estimate is $817.20 million and the lowest is $816.00 million. The firm is scheduled to report its next earnings results before the market opens on Tuesday, July 25th.
On average, analysts expect that Lamb Weston Holdings will report full year sales of $816.60 million for the current fiscal year. For the next year, analysts anticipate that the firm will post sales of $3.25 billion per share, with estimates ranging from $3.24 billion to $3.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Lamb Weston Holdings.
Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $768.50 million for the quarter, compared to analysts’ expectations of $759.74 million. The business’s revenue was up 5.5% on a year-over-year basis.
LW has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 15th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Lamb Weston Holdings in a research note on Tuesday, May 9th. CL King assumed coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 price objective for the company. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price objective for the stock from $42.00 to $44.00 in a research note on Friday, April 7th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.56.
A number of hedge funds have recently made changes to their positions in LW. KAMES CAPITAL plc purchased a new stake in shares of Lamb Weston Holdings during the second quarter valued at about $848,000. Clearbridge Investments LLC increased its stake in shares of Lamb Weston Holdings by 1.0% in the first quarter. Clearbridge Investments LLC now owns 1,219,920 shares of the specialty retailer’s stock valued at $51,310,000 after buying an additional 12,245 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Lamb Weston Holdings by 491.3% in the first quarter. Point72 Asset Management L.P. now owns 156,100 shares of the specialty retailer’s stock valued at $6,566,000 after buying an additional 129,700 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Lamb Weston Holdings by 47.8% in the first quarter. Janus Capital Management LLC now owns 224,287 shares of the specialty retailer’s stock valued at $9,434,000 after buying an additional 72,569 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 2,100 shares during the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.
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Lamb Weston Holdings (LW) opened at 43.10 on Friday. The company’s 50-day moving average price is $45.29 and its 200-day moving average price is $41.12. Lamb Weston Holdings has a one year low of $29.62 and a one year high of $47.99. The stock has a market cap of $6.30 billion and a P/E ratio of 19.90.
Lamb Weston Holdings 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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