Lamb Weston Holdings Inc. (NYSE:LW) – Jefferies Group reduced their Q2 2018 earnings per share (EPS) estimates for Lamb Weston Holdings in a note issued to investors on Thursday. Jefferies Group analyst A. Jagdale now expects that the specialty retailer will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.60. Jefferies Group has a “Buy” rating and a $58.00 price objective on the stock. Jefferies Group also issued estimates for Lamb Weston Holdings’ Q3 2018 earnings at $0.70 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.79 EPS and Q1 2020 earnings at $0.69 EPS.

Other equities analysts have also issued reports about the company. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective (up from $46.00) on shares of Lamb Weston Holdings in a research note on Thursday. Stifel Nicolaus lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $42.00 to $44.00 in a research note on Tuesday, July 4th. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation lifted their price objective on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lamb Weston Holdings has an average rating of “Buy” and an average target price of $47.22.

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Shares of Lamb Weston Holdings (LW) traded up 0.3962% during midday trading on Friday, reaching $48.7825. The company’s stock had a trading volume of 159,471 shares. The stock has a market capitalization of $7.13 billion and a P/E ratio of 21.9741. The stock’s 50-day moving average is $45.97 and its 200 day moving average is $44.37. Lamb Weston Holdings has a 12 month low of $29.62 and a 12 month high of $49.94.

Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million during the quarter, compared to analyst estimates of $795.61 million. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 annualized dividend and a yield of 1.54%. Lamb Weston Holdings’s dividend payout ratio is 33.63%.

A number of institutional investors and hedge funds have recently modified their holdings of LW. BlackRock Inc. increased its stake in Lamb Weston Holdings by 9,609.1% during the first quarter. BlackRock Inc. now owns 11,612,822 shares of the specialty retailer’s stock valued at $488,434,000 after acquiring an additional 11,493,214 shares during the period. Janus Henderson Group PLC increased its stake in Lamb Weston Holdings by 33,787.6% during the second quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after acquiring an additional 2,668,204 shares during the period. Kensico Capital Management Corp bought a new position in Lamb Weston Holdings during the first quarter valued at about $82,900,000. FMR LLC increased its stake in Lamb Weston Holdings by 126.3% during the first quarter. FMR LLC now owns 3,331,242 shares of the specialty retailer’s stock valued at $140,112,000 after acquiring an additional 1,859,263 shares during the period. Finally, Blue Ridge Capital L.L.C. bought a new position in Lamb Weston Holdings during the first quarter valued at about $75,708,000. Hedge funds and other institutional investors own 79.78% of the company’s stock.

About Lamb Weston Holdings

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.

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

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