Lamb Weston (NYSE:LW) Posts Earnings Results, Misses Expectations By $0.06 EPS


Share on StockTwits

Lamb Weston (NYSE:LW) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06), MarketWatch Earnings reports. Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The firm had revenue of $895.80 million during the quarter, compared to the consensus estimate of $819.94 million. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year.

Shares of NYSE:LW traded down $0.07 during trading on Thursday, hitting $77.92. 45,847 shares of the company were exchanged, compared to its average volume of 992,364. Lamb Weston has a 1-year low of $51.72 and a 1-year high of $86.41. The company has a market capitalization of $11.40 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. The company has a quick ratio of 1.88, a current ratio of 2.91 and a debt-to-equity ratio of 6.65. The business’s 50 day moving average is $80.38 and its 200-day moving average is $75.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 7th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, May 6th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.21%. Lamb Weston’s payout ratio is presently 37.60%.

In other news, CEO Thomas P. Werner sold 69,500 shares of Lamb Weston stock in a transaction on Friday, January 15th. The shares were sold at an average price of $77.65, for a total transaction of $5,396,675.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Eryk J. Spytek sold 6,183 shares of the business’s stock in a transaction on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

LW has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the company from $84.00 to $81.00 in a report on Thursday. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.20.

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

Featured Article: How to invest using market indexes

Earnings History for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.