Lamb Weston (LW) Projected to Post Quarterly Earnings on Thursday

Lamb Weston (NYSE:LW) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 3rd. Analysts expect Lamb Weston to post earnings of $0.88 per share and revenue of $1.50 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Lamb Weston Stock Down 0.2 %

LW stock opened at $53.21 on Wednesday. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $105.31. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a market cap of $7.59 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The business’s 50-day simple moving average is $55.40 and its 200 day simple moving average is $65.73.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is presently 58.50%.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

LW has been the topic of several recent research reports. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group lifted their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus lowered their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.55.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.