Lamb Weston (NYSE:LW) posted its quarterly earnings results on Wednesday. The specialty retailer reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04, MarketWatch Earnings reports. Lamb Weston had a net margin of 9.24% and a return on equity of 130.91%. The firm had revenue of $896.10 million for the quarter, compared to analysts’ expectations of $890.13 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was down 12.1% on a year-over-year basis.
Shares of NYSE:LW traded up $0.26 during trading hours on Friday, hitting $75.96. The company’s stock had a trading volume of 17,289 shares, compared to its average volume of 1,211,061. The firm’s fifty day moving average price is $75.65 and its 200 day moving average price is $68.36. The company has a debt-to-equity ratio of 8.98, a current ratio of 3.44 and a quick ratio of 2.58. Lamb Weston has a 52 week low of $39.06 and a 52 week high of $96.32. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 4.81 and a beta of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 5th. Stockholders of record on Friday, February 5th will be issued a $0.235 dividend. The ex-dividend date is Thursday, February 4th. This represents a $0.94 annualized dividend and a dividend yield of 1.24%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.23. Lamb Weston’s payout ratio is currently 36.80%.
LW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Lamb Weston from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $89.00 in a research report on Monday, December 7th. TheStreet upgraded shares of Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 7th. Zacks Investment Research upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Thursday, October 8th. BidaskClub downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Bank of America raised their price objective on shares of Lamb Weston from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Lamb Weston has a consensus rating of “Hold” and an average price target of $67.00.
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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