Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results


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Lamb Weston (NYSE:LW) released its quarterly earnings data on Wednesday. The specialty retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04, MarketWatch Earnings reports. Lamb Weston had a net margin of 9.24% and a return on equity of 130.91%. The business had revenue of $896.10 million during the quarter, compared to analyst estimates of $890.13 million. During the same period in the previous year, the business earned $0.95 EPS. Lamb Weston’s revenue was down 12.1% compared to the same quarter last year.

Shares of NYSE:LW traded down $0.11 on Friday, reaching $75.59. The company’s stock had a trading volume of 14,205 shares, compared to its average volume of 1,211,061. Lamb Weston has a 52-week low of $39.06 and a 52-week high of $96.32. The company has a market cap of $11.06 billion, a P/E ratio of 32.77, a PEG ratio of 4.81 and a beta of 0.77. The company has a 50-day simple moving average of $75.65 and a 200 day simple moving average of $68.36. The company has a debt-to-equity ratio of 8.98, a quick ratio of 2.58 and a current ratio of 3.44.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 5th. Investors of record on Friday, February 5th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.24%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, February 4th. Lamb Weston’s dividend payout ratio (DPR) is presently 36.80%.

A number of research firms have recently commented on LW. Zacks Investment Research upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Thursday, October 8th. JPMorgan Chase & Co. raised shares of Lamb Weston from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $89.00 in a research note on Monday, December 7th. BidaskClub downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America upped their price objective on shares of Lamb Weston from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Finally, TheStreet raised shares of Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.00.

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.

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Earnings History for Lamb Weston (NYSE:LW)

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