Brokers predict that Lamb Weston Holdings, Inc. (NYSE:LW – Get a rating) will report earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates of Lamb Weston’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.48. Lamb Weston reported earnings per share of $0.45 in the same quarter last year, which would indicate a negative 2.2% year-over-year growth rate. The company is expected to announce its next earnings report before the market opens on Thursday, April 7.
On average, analysts expect Lamb Weston to report annual earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.55 to $1.69. For the next fiscal year, analysts expect the company to post earnings of $2.75 per share, with EPS estimates ranging from $2.50 to $2.91. Zacks earnings per share averages are an average average based on a survey of research firms that provide coverage for Lamb Weston.
Lamb Weston (NYSE: LW – Get a rating) last released its quarterly earnings data on Thursday, January 6. The specialty retailer reported earnings per share (EPS) of $0.50 for the quarter, beating the Zacks consensus estimate of $0.33 by $0.17. The company posted revenue of $1.01 billion for the quarter, versus a consensus estimate of $1 billion. Lamb Weston had a net margin of 4.98% and a return on equity of 54.36%. The company’s revenue increased by 12.3% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.66.
Several equity research analysts have recently released reports on the stock. Goldman Sachs Group cut its price target on Lamb Weston shares from $70.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Investment Research moved Lamb Weston from a “hold” rating to a “sell” rating and set a price target of $54.00 for the company. in a Wednesday, March 9 research report. One equity research analyst rated the stock with a sell rating, one gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.40.
LW traded $1.09 on Friday, reaching $54.58. 2,101,001 shares of the company have been traded, against an average volume of 1,454,160. The company has a debt ratio of 7.37, a quick ratio of 1.59 and a current ratio of 2.48. The stock’s fifty-day moving average is $62.60 and its 200-day moving average is $60.40. The company has a market capitalization of $7.93 billion, a PE ratio of 41.66, a PEG ratio of 3.02 and a beta of 0.70. Lamb Weston has a 12-month low of $49.71 and a 12-month high of $85.72.
Lamb Weston said its board of directors launched a stock repurchase program on Friday, Dec. 17 that allows the company to repurchase $250.00 million in stock. This repurchase authorization authorizes the specialty retailer to repurchase up to 3% of its stock through open market purchases. Share buyback programs often indicate that the company’s board of directors believe its shares are undervalued.
In other news, please Gerard Scheufler sold 3,768 shares of Lamb Weston in a trade dated Wednesday, January 12. The stock was sold at an average price of $69.35, for a total transaction of $261,310.80. The sale was disclosed in an SEC filing, which is available via this hyperlink. Also, please John C. Hatto sold 500 shares of the company in a transaction that took place on Thursday, January 6. The shares were sold at an average price of $70.00, for a total value of $35,000.00. Disclosure of this sale can be found here. 0.75% of the shares are held by insiders.
Several institutional investors and hedge funds have recently changed their holdings in the company. Morgan Stanley increased its position in Lamb Weston shares by 8.1% during the second quarter. Morgan Stanley now owns 461,685 shares of the specialty retailer worth $37,239,000 after purchasing an additional 34,488 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Lamb Weston by 9.0% during the second quarter. Parametric Portfolio Associates LLC now owns 534,432 shares of the specialty retailer worth $43,107,000 after acquiring an additional 43,988 shares during the period. Bank of America Corp DE increased its stake in Lamb Weston by 3.4% during the second quarter. Bank of America Corp DE now owns 878,931 shares of the specialty retailer worth $70,894,000 after acquiring an additional 28,509 shares during the period. Virtu Financial LLC acquired a new stake in Lamb Weston during Q2 worth approximately $231,000. Finally, Thrivent Financial for Lutherans increased its position in Lamb Weston shares by 30.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,939,966 shares of the specialty retailer worth $156,478,000 after acquiring an additional 457,950 shares last quarter. Institutional investors hold 91.78% of the company’s shares.
About Lamb Weston (Get a rating)
Lamb Weston Holdings, Inc. is engaged in the production, distribution and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.
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