Lamb Weston (NYSE:LW) Issues Quarterly Earnings Results

Lamb Weston (NYSE:LW) posted its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.13, Briefing.com reports. The business had revenue of $926.80 million for the quarter, compared to analyst estimates of $898.46 million. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share.

Shares of Lamb Weston stock traded up $0.49 during trading hours on Friday, reaching $69.69. The stock had a trading volume of 930,633 shares, compared to its average volume of 1,662,434. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.75 and a beta of -0.18. Lamb Weston has a 1 year low of $63.02 and a 1 year high of $83.86.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. Lamb Weston’s dividend payout ratio (DPR) is 30.08%.

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares during the period. Bollard Group LLC raised its holdings in shares of Lamb Weston by 0.8% during the 4th quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock valued at $2,008,000 after buying an additional 216 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of Lamb Weston by 5.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 4,155 shares of the specialty retailer’s stock valued at $305,000 after buying an additional 224 shares during the period. Kovack Advisors Inc. raised its holdings in shares of Lamb Weston by 5.5% during the 4th quarter. Kovack Advisors Inc. now owns 4,268 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 224 shares during the period. Finally, First Hawaiian Bank raised its holdings in shares of Lamb Weston by 5.0% during the 1st quarter. First Hawaiian Bank now owns 4,989 shares of the specialty retailer’s stock valued at $374,000 after buying an additional 239 shares during the period. Institutional investors own 82.44% of the company’s stock.

A number of research firms recently commented on LW. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, April 4th. Stifel Nicolaus raised their price target on Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group set a $85.00 price target on Lamb Weston and gave the stock a “buy” rating in a research note on Friday, January 4th. Consumer Edge initiated coverage on Lamb Weston in a research note on Friday, March 22nd. They issued an “outperform” rating on the stock. Finally, Daiwa Capital Markets initiated coverage on Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $78.83.

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

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Earnings History for Lamb Weston (NYSE:LW)

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