Zacks: Brokerages Expect Lamb Weston Holdings Inc (NYSE:LW) Will Post Earnings of $0.96 Per Share

Brokerages forecast that Lamb Weston Holdings Inc (NYSE:LW) will announce earnings per share of $0.96 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Lamb Weston’s earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.90. Lamb Weston reported earnings per share of $0.95 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The company is expected to announce its next quarterly earnings results on Tuesday, April 7th.

On average, analysts expect that Lamb Weston will report full year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.47 to $3.54. For the next fiscal year, analysts expect that the firm will post earnings of $3.71 per share, with EPS estimates ranging from $3.59 to $3.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lamb Weston.

Lamb Weston (NYSE:LW) last issued its earnings results on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.88 million. During the same quarter last year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis.

A number of brokerages recently weighed in on LW. TheStreet raised shares of Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $81.00 to $92.00 in a report on Sunday, January 5th. Barclays set a $83.00 price objective on shares of Lamb Weston and gave the company a “buy” rating in a research report on Friday, November 1st. ValuEngine cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $82.29.

LW traded up $0.45 during midday trading on Thursday, reaching $91.33. 12,870 shares of the company’s stock were exchanged, compared to its average volume of 1,119,101. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.65 and a quick ratio of 0.70. Lamb Weston has a 1-year low of $58.83 and a 1-year high of $94.46. The business’s 50-day moving average price is $86.47 and its 200 day moving average price is $75.69. The stock has a market capitalization of $13.25 billion, a PE ratio of 28.38, a P/E/G ratio of 2.93 and a beta of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, January 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.20. Lamb Weston’s dividend payout ratio (DPR) is currently 24.84%.

In related news, VP Bernadette M. Madarieta sold 3,472 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $91.47, for a total value of $317,583.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bernadette M. Madarieta sold 1,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $75.59, for a total value of $99,778.80. Following the completion of the sale, the vice president now owns 14,777 shares of the company’s stock, valued at $1,116,993.43. The disclosure for this sale can be found here. Insiders sold 19,488 shares of company stock worth $1,762,858 over the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Sciencast Management LP bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $1,361,000. Cerebellum GP LLC raised its holdings in shares of Lamb Weston by 6,246.6% in the 4th quarter. Cerebellum GP LLC now owns 6,537 shares of the specialty retailer’s stock valued at $562,000 after acquiring an additional 6,434 shares in the last quarter. 6 Meridian grew its position in Lamb Weston by 2.1% in the fourth quarter. 6 Meridian now owns 8,342 shares of the specialty retailer’s stock worth $718,000 after acquiring an additional 172 shares in the last quarter. DNB Asset Management AS raised its position in Lamb Weston by 7.7% during the fourth quarter. DNB Asset Management AS now owns 20,217 shares of the specialty retailer’s stock valued at $1,739,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Diligent Investors LLC bought a new stake in Lamb Weston during the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

About Lamb Weston

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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