Brokerages Expect Lamb Weston Holdings Inc (NYSE:LW) Will Post Earnings of $0.85 Per Share

Wall Street brokerages forecast that Lamb Weston Holdings Inc (NYSE:LW) will report earnings per share (EPS) of $0.85 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Lamb Weston’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.87. Lamb Weston reported earnings of $0.80 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The firm is scheduled to issue its next earnings report on Friday, January 3rd.

According to Zacks, analysts expect that Lamb Weston will report full year earnings of $3.45 per share for the current financial year, with EPS estimates ranging from $3.42 to $3.50. For the next financial year, analysts expect that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.55 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Lamb Weston.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $971.45 million. Lamb Weston had a net margin of 12.44% and a negative return on equity of 1,426.55%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share.

Several research firms recently weighed in on LW. Stifel Nicolaus set a $81.00 price target on shares of Lamb Weston and gave the company a “buy” rating in a report on Friday, October 25th. Barclays set a $83.00 price target on Lamb Weston and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective for the company in a research note on Friday, July 26th. Finally, TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $75.71.

In other news, VP Bernadette M. Madarieta sold 1,320 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the sale, the vice president now directly owns 14,777 shares of the company’s stock, valued at approximately $1,116,993.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Trillium Asset Management LLC raised its holdings in Lamb Weston by 1.3% during the 3rd quarter. Trillium Asset Management LLC now owns 134,241 shares of the specialty retailer’s stock valued at $9,762,000 after buying an additional 1,662 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Lamb Weston during the 3rd quarter valued at $420,000. Alps Advisors Inc. purchased a new stake in Lamb Weston during the 3rd quarter valued at $359,000. SG Americas Securities LLC raised its holdings in Lamb Weston by 363.3% during the 3rd quarter. SG Americas Securities LLC now owns 57,277 shares of the specialty retailer’s stock valued at $4,165,000 after buying an additional 44,914 shares during the period. Finally, Unigestion Holding SA raised its holdings in Lamb Weston by 8.8% during the 3rd quarter. Unigestion Holding SA now owns 974,502 shares of the specialty retailer’s stock valued at $70,865,000 after buying an additional 79,150 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

LW traded down $0.05 on Friday, reaching $78.95. The company had a trading volume of 460,129 shares, compared to its average volume of 1,458,721. The business has a 50 day simple moving average of $75.92 and a 200 day simple moving average of $68.63. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.90 and a beta of 0.18. The company has a debt-to-equity ratio of 23.94, a quick ratio of 0.81 and a current ratio of 1.68. Lamb Weston has a 52-week low of $58.83 and a 52-week high of $83.86.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.20 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. Lamb Weston’s dividend payout ratio is presently 24.84%.

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 and Estimates for Lamb Weston (NYSE:LW)

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