Analysts Expect Lamb Weston Holdings Inc. (LW) Will Announce Earnings of $0.53 Per Share
Wall Street analysts expect Lamb Weston Holdings Inc. (NYSE:LW) to post earnings per share (EPS) of $0.53 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lamb Weston Holdings’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.55. Lamb Weston Holdings reported earnings of $0.63 per share in the same quarter last year, which would indicate a negative year over year growth rate of 15.9%. The firm is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Lamb Weston Holdings will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.22 to $2.40. For the next financial year, analysts anticipate that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.48 to $2.68. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Lamb Weston Holdings.
Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The company had revenue of $817.50 million during the quarter, compared to analyst estimates of $795.61 million. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year.
Several equities analysts have recently weighed in on LW shares. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price objective (up previously from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Bank of America Corporation lifted their price objective on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and set a $53.00 price objective on shares of Lamb Weston Holdings in a report on Monday, September 25th. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Friday, October 6th. Finally, Stifel Nicolaus cut Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the company from $42.00 to $44.00 in a report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.89.
Lamb Weston Holdings (NYSE LW) traded up 0.73% during mid-day trading on Wednesday, reaching $51.36. 417,225 shares of the company’s stock were exchanged. Lamb Weston Holdings has a 52 week low of $28.75 and a 52 week high of $51.97. The stock has a 50-day moving average price of $48.36 and a 200-day moving average price of $45.37. The stock has a market cap of $7.51 billion and a P/E ratio of 22.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s payout ratio is 33.63%.
Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Lamb Weston Holdings by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock worth $532,430,000 after purchasing an additional 279,578 shares during the last quarter. BlackRock Inc. increased its position in shares of Lamb Weston Holdings by 2.2% during the 2nd quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock worth $522,887,000 after purchasing an additional 260,164 shares during the last quarter. State Street Corp increased its position in shares of Lamb Weston Holdings by 2.7% during the 2nd quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock worth $172,731,000 after purchasing an additional 103,358 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Lamb Weston Holdings by 33,787.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock worth $117,856,000 after purchasing an additional 2,668,204 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Lamb Weston Holdings by 30.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,878,916 shares of the specialty retailer’s stock worth $82,750,000 after purchasing an additional 437,021 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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