Lamb Weston (LW) Announces Quarterly Earnings Results
Lamb Weston (NYSE:LW) released its quarterly earnings data on Thursday. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01, Briefing.com reports. The firm had revenue of $824.60 million during the quarter, compared to analysts’ expectations of $815.29 million. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share.
Shares of Lamb Weston (NYSE:LW) opened at $56.06 on Thursday. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62. The company has a market capitalization of $8,094.93, a price-to-earnings ratio of 25.14, a P/E/G ratio of 4.12 and a beta of 1.02. Lamb Weston has a 52 week low of $35.81 and a 52 week high of $57.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. The ex-dividend date is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is presently 33.63%.
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About Lamb Weston
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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