Research Analysts Offer Predictions for Lamb Weston Holdings Inc.’s FY2018 Earnings (LW)
Lamb Weston Holdings Inc. (NYSE:LW) – Research analysts at Jefferies Group increased their FY2018 EPS estimates for shares of Lamb Weston Holdings in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Jagdale now forecasts that the specialty retailer will post earnings per share of $2.40 for the year, up from their prior forecast of $2.36. Jefferies Group has a “Buy” rating and a $58.00 price target on the stock. Jefferies Group also issued estimates for Lamb Weston Holdings’ Q4 2018 earnings at $0.58 EPS, Q1 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.66 EPS, FY2019 earnings at $2.68 EPS, FY2020 earnings at $3.04 EPS and FY2021 earnings at $3.36 EPS.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $817.50 million during the quarter, compared to analyst estimates of $795.61 million. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. Lamb Weston Holdings’s revenue for the quarter was up 5.3% compared to the same quarter last year.
Several other equities analysts have also commented on the stock. Bank of America Corporation increased their price target on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their price target for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.89.
Lamb Weston Holdings (NYSE:LW) traded up 1.04% on Monday, hitting $49.55. 279,225 shares of the stock were exchanged. Lamb Weston Holdings has a 12 month low of $28.75 and a 12 month high of $49.94. The company has a 50-day moving average of $46.28 and a 200 day moving average of $44.53. The firm has a market cap of $7.24 billion and a P/E ratio of 22.12.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.53%. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.
Several institutional investors and hedge funds have recently made changes to their positions in LW. Schroder Investment Management Group purchased a new position in shares of Lamb Weston Holdings during the second quarter worth approximately $106,000. Advisory Services Network LLC grew its position in shares of Lamb Weston Holdings by 81.5% during the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock worth $136,000 after acquiring an additional 1,389 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Lamb Weston Holdings during the second quarter worth approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Lamb Weston Holdings by 165.9% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 2,100 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in shares of Lamb Weston Holdings during the second quarter worth approximately $149,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
About Lamb Weston Holdings
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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