Wall Street brokerages anticipate Lamb Weston Holdings, Inc. (NYSE:LW) to put up earnings of $0.52 per share for the present fiscal quarter, Zacks reviews. Three analysts have issued estimates for Lamb Weston’s earnings, with the best EPS estimate coming in at $0.57 and the bottom estimate coming in at $0.47. Lamb Weston posted earnings per share of $0.77 in the identical quarter final 12 months, which might counsel a unfavorable year-over-year progress charge of 32.5%. The corporate is predicted to report its subsequent earnings outcomes on Wednesday, April seventh.
On common, analysts anticipate that Lamb Weston will report full-year earnings of $2.34 per share for the present fiscal 12 months, with EPS estimates starting from $2.27 to $2.39. For the subsequent 12 months, analysts forecast that the enterprise will put up earnings of $2.95 per share, with EPS estimates starting from $2.82 to $3.12. Zacks Funding Analysis’s EPS calculations are a median primarily based on a survey of sell-side analysis corporations that comply with Lamb Weston.
Lamb Weston (NYSE:LW) final introduced its quarterly earnings outcomes on Wednesday, January sixth. The specialty retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Lamb Weston had a return on fairness of 95.26% and a web margin of 8.33%. The corporate had income of $896.10 million throughout the quarter, in comparison with analyst estimates of $890.13 million. Throughout the identical quarter final 12 months, the agency posted $0.95 earnings per share. The agency’s income was down 12.1% on a year-over-year foundation.
A number of equities analysts have commented on the corporate. JPMorgan Chase & Co. raised Lamb Weston from a “impartial” score to an “chubby” score and upped their price goal for the corporate from $74.00 to $89.00 in a analysis report on Monday, December seventh. TheStreet raised Lamb Weston from a “c+” score to a “b” score in a report on Wednesday, October seventh. Zacks Funding Analysis raised Lamb Weston from a “promote” score to a “maintain” score and set a $76.00 price goal on the stock in a report on Thursday, October eighth. Lastly, Bank of America lifted their price goal on Lamb Weston from $70.00 to $75.00 and gave the stock a “impartial” score in a analysis report on Thursday, October eighth. 4 analysis analysts have rated the stock with a maintain score and two have given a purchase score to the stock. The corporate presently has a median score of “Maintain” and a consensus price goal of $67.00.
In associated information, CEO Thomas P. Werner bought 69,500 shares of Lamb Weston stock in a transaction on Friday, January 15th. The shares have been bought at a median price of $77.65, for a complete value of $5,396,675.00. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by this hyperlink. Additionally, SVP Eryk J. Spytek bought 6,183 shares of Lamb Weston stock in a transaction on Wednesday, January 13th. The shares have been bought at a median price of $75.00, for a complete transaction of $463,725.00. The disclosure for this sale may be discovered right here. Firm insiders personal 0.81% of the corporate’s stock.
Various hedge funds and different institutional traders have just lately purchased and bought shares of the stock. Boston Belief Walden Corp lifted its place in shares of Lamb Weston by 0.6% throughout the fourth quarter. Boston Belief Walden Corp now owns 126,951 shares of the specialty retailer’s stock worth $9,996,000 after buying an extra 773 shares within the final quarter. IFM Traders Pty Ltd grew its place in Lamb Weston by 26.2% within the fourth quarter. IFM Traders Pty Ltd now owns 14,605 shares of the specialty retailer’s stock valued at $1,150,000 after buying an extra 3,033 shares within the final quarter. Redpoint Funding Administration Pty Ltd acquired a brand new stake in Lamb Weston within the fourth quarter valued at $208,000. OneAscent Monetary Companies LLC lifted its stake in shares of Lamb Weston by 5.7% throughout the 4th quarter. OneAscent Monetary Companies LLC now owns 7,494 shares of the specialty retailer’s stock worth $590,000 after shopping for an extra 407 shares over the past quarter. Lastly, Louisiana State Staff Retirement System lifted its stake in shares of Lamb Weston by 23.0% throughout the 4th quarter. Louisiana State Staff Retirement System now owns 9,100 shares of the specialty retailer’s stock worth $717,000 after shopping for an extra 1,700 shares over the past quarter. 86.38% of the stock is at present owned by institutional traders and hedge funds.
NYSE LW traded up $0.36 throughout buying and selling hours on Friday, reaching $78.50. The corporate’s stock had a buying and selling quantity of 917,135 shares, in comparison with its common quantity of 746,667. The corporate has a market capitalization of $11.49 billion, a price-to-earnings ratio of 38.86, a PEG ratio of three.31 and a beta of 0.78. Lamb Weston has a 1 12 months low of $39.06 and a 1 12 months excessive of $96.32. The agency’s 50-day transferring common price is $76.54 and its 200-day transferring common price is $68.90. The corporate has a fast ratio of 1.88, a present ratio of two.91 and a debt-to-equity ratio of 6.65.
The agency additionally just lately introduced a quarterly dividend, which can be paid on Friday, March fifth. Stockholders of document on Friday, February fifth can be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, February 4th. This is a rise from Lamb Weston’s earlier quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a dividend yield of 1.20%. Lamb Weston’s dividend payout ratio (DPR) is at present 36.80%.
About Lamb Weston
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato merchandise worldwide. It operates by 4 segments: International, Foodservice, Retail, and Different. The corporate affords frozen potatoes, candy potatoes, industrial substances, and appetizers beneath the Lamb Weston model, in addition to varied buyer labels.
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