Lamb Weston (NYSE:LW) Issues Quarterly Earnings Results

Lamb Weston (NYSE:LW) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.06), MarketWatch Earnings reports. The company had revenue of $895.80 million during the quarter, compared to analysts’ expectations of $819.94 million. Lamb Weston had a return on equity of 95.26% and a net margin of 8.33%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS.

Shares of NYSE:LW traded down $2.32 during midday trading on Thursday, reaching $75.67. The company’s stock had a trading volume of 9,357 shares, compared to its average volume of 992,364. Lamb Weston has a 12-month low of $51.72 and a 12-month high of $86.41. The firm has a market capitalization of $11.07 billion, a P/E ratio of 38.61, a PEG ratio of 3.31 and a beta of 0.78. The firm has a 50 day moving average of $80.38 and a 200-day moving average of $75.25. The company has a quick ratio of 1.88, a current ratio of 2.91 and a debt-to-equity ratio of 6.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 7th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $0.94 dividend on an annualized basis and a yield of 1.24%. Lamb Weston’s dividend payout ratio (DPR) is 37.60%.

Several analysts have weighed in on LW shares. Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday. The Goldman Sachs Group lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $84.00 to $81.00 in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $81.20.

In other Lamb Weston news, CEO Thomas P. Werner sold 69,500 shares of the firm’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $77.65, for a total transaction of $5,396,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eryk J. Spytek sold 6,183 shares of the company’s stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Lamb Weston Company Profile

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

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Earnings History for Lamb Weston (NYSE:LW)

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