Zacks: Brokerages Expect Lamb Weston Holdings Inc (NYSE:LW) Will Post Earnings of $0.96 Per Share

Wall Street brokerages predict that Lamb Weston Holdings Inc (NYSE:LW) will post $0.96 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Lamb Weston’s earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.90. Lamb Weston posted earnings of $0.95 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is expected to announce its next earnings report on Tuesday, April 7th.

On average, analysts expect that Lamb Weston will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.47 to $3.54. For the next year, analysts anticipate that the company will report earnings of $3.71 per share, with EPS estimates ranging from $3.59 to $3.80. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Lamb Weston.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.88 million. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. Lamb Weston’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share.

A number of brokerages have recently issued reports on LW. Barclays set a $83.00 price objective on Lamb Weston and gave the stock a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Monday, December 23rd. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and raised their price target for the stock from $81.00 to $92.00 in a report on Sunday, January 5th. ValuEngine downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, TheStreet upgraded shares of Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $82.29.

In other news, SVP Eryk J. Spytek sold 6,000 shares of Lamb Weston stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $92.07, for a total transaction of $552,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bernadette M. Madarieta sold 1,320 shares of the business’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 value of $99,778.80. Following the completion of the sale, the vice president now directly owns 14,777 shares in the company, valued at $1,116,993.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,488 shares of company stock valued at $1,762,858. 0.82% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. HM Payson & Co. purchased a new stake in shares of Lamb Weston during the second quarter valued at $43,000. Quadrant Capital Group LLC lifted its position in shares of Lamb Weston by 261.9% in the third quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty retailer’s stock worth $43,000 after buying an additional 461 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston in the 3rd quarter worth approximately $50,000. CSat Investment Advisory L.P. boosted its position in Lamb Weston by 103.2% during the second quarter. CSat Investment Advisory L.P. now owns 817 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 415 shares during the period. Finally, CWM LLC boosted its position in Lamb Weston by 37.0% during the third quarter. CWM LLC now owns 874 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 236 shares during the period. Institutional investors own 88.07% of the company’s stock.

Shares of NYSE LW traded up $0.45 during trading on Thursday, reaching $91.33. The company had a trading volume of 12,870 shares, compared to its average volume of 1,119,101. The stock has a market cap of $13.25 billion, a P/E ratio of 28.38, a PEG ratio of 2.93 and a beta of 0.20. The company’s fifty day moving average price is $86.47 and its 200-day moving average price is $75.69. The company has a quick ratio of 0.70, a current ratio of 1.65 and a debt-to-equity ratio of 10.96. Lamb Weston has a 12 month low of $58.83 and a 12 month high of $94.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. Lamb Weston’s payout ratio is currently 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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