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%.
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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