Lamb Weston (NYSE:LW) Posts Earnings Results, Beats Expectations By $0.23 EPS

Lamb Weston (NYSE:LW) released its quarterly earnings results on Thursday. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. Lamb Weston updated its FY25 guidance to $3.05-3.20 EPS and its FY 2025 guidance to 3.050-3.200 EPS.

Lamb Weston Stock Down 0.8 %

LW opened at $59.11 on Friday. The business has a 50 day moving average price of $55.22 and a two-hundred day moving average price of $65.57. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $89.51. The company has a market cap of $8.43 billion, a PE ratio of 23.36, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insider Activity

In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group upped their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded Lamb Weston to a “sell” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.09.

Lamb Weston Company Profile

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.