Lamb Weston (NYSE:LW) Releases Earnings Results, Beats Expectations By $0.01 EPS

Lamb Weston (NYSE:LW) issued its quarterly earnings data on Friday. The specialty retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01, Zacks reports. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS.

Lamb Weston Trading Down 0.1%

NYSE LW opened at $59.40 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49. The company has a 50-day simple moving average of $60.90 and a 200-day simple moving average of $57.22. Lamb Weston has a one year low of $47.87 and a one year high of $68.79. The firm has a market capitalization of $8.28 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 5.46 and a beta of 0.44.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, October 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is 70.81%.

Wall Street Analyst Weigh In

LW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Lamb Weston from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 price objective on shares of Lamb Weston and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. BNP Paribas Exane increased their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Cfra Research upgraded shares of Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus set a $66.00 price target on shares of Lamb Weston in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.20.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently made changes to their positions in the company. Caxton Associates LLP acquired a new stake in Lamb Weston in the third quarter worth about $204,000. Quarry LP bought a new stake in Lamb Weston during the third quarter worth approximately $116,000. Moors & Cabot Inc. acquired a new stake in Lamb Weston in the third quarter worth approximately $294,000. Fiduciary Trust Co boosted its stake in Lamb Weston by 7.5% during the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 300 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its position in shares of Lamb Weston by 20.5% during the 2nd quarter. Snowden Capital Advisors LLC now owns 5,145 shares of the specialty retailer’s stock valued at $267,000 after purchasing an additional 877 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.