Equities research analysts expect Lamb Weston Holdings Inc (NYSE:LW) to announce sales of $974.15 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lamb Weston’s earnings. The lowest sales estimate is $974.00 million and the highest is $974.30 million. Lamb Weston reported sales of $918.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Lamb Weston will report full-year sales of $3.73 billion for the current fiscal year. For the next fiscal year, analysts expect that the business will report sales of $3.92 billion, with estimates ranging from $3.89 billion to $3.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Lamb Weston.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.82 by $0.13. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The firm had revenue of $926.80 million for the quarter, compared to the consensus estimate of $898.46 million. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year.
Several research analysts have recently commented on LW shares. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, January 22nd. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the stock a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, April 4th. Finally, Daiwa Capital Markets started coverage on Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.83.
NYSE LW opened at $67.45 on Friday. Lamb Weston has a 52 week low of $63.02 and a 52 week high of $83.86. The stock has a market capitalization of $10.04 billion, a PE ratio of 25.36, a P/E/G ratio of 1.73 and a beta of -0.26.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is currently 30.08%.
Several large investors have recently added to or reduced their stakes in LW. Advisors Asset Management Inc. grew its holdings in Lamb Weston by 62.4% during the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in Lamb Weston during the 4th quarter valued at approximately $29,000. Sun Life Financial INC purchased a new position in Lamb Weston during the 4th quarter valued at approximately $30,000. Guardian Life Insurance Co. of America purchased a new position in Lamb Weston during the 4th quarter valued at approximately $30,000. Finally, Timber Creek Capital Management LLC grew its holdings in Lamb Weston by 143.5% during the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.
Lamb Weston Company Profile
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, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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