Lamb Weston Holdings (LW) Receiving Somewhat Positive News Coverage, Analysis Finds
Media coverage about Lamb Weston Holdings (NYSE:LW) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lamb Weston Holdings earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.3926254606975 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
- Overbought stock: Lamb Weston Holdings, Inc. (LW) stock RSI reaches to 75.48 – Voice Of Analysts (analystsbuzz.com)
- FY2018 Earnings Estimate for Lamb Weston Holdings Inc. (LW) Issued By Jefferies Group (americanbankingnews.com)
- Lamb Weston Holdings pleased with the start of FY 2018 – PotatoPro (potatopro.com)
- Lamb Weston Holdings Inc. (LW) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- ETFs with exposure to Lamb Weston Holdings, Inc. : October 6, 2017 (finance.yahoo.com)
Several equities research analysts recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price target on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Stifel Nicolaus lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Finally, Bank of America Corporation upped their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.89.
Lamb Weston Holdings (LW) opened at 49.70 on Friday. The company has a market capitalization of $7.27 billion and a P/E ratio of 22.19. Lamb Weston Holdings has a 52 week low of $29.62 and a 52 week high of $49.94. The company’s 50-day moving average price is $46.50 and its 200-day moving average price is $44.60.
Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The business had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Lamb Weston Holdings will post $2.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 annualized dividend and a dividend yield of 1.51%. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.
Lamb Weston Holdings Company Profile
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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