Equities research analysts forecast that Lamb Weston Holdings Inc. (NYSE:LW) will announce $807.55 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lamb Weston’s earnings, with the lowest sales estimate coming in at $804.10 million and the highest estimate coming in at $811.00 million. Lamb Weston posted sales of $768.50 million during the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The firm is expected to issue its next earnings results on Thursday, April 5th.

On average, analysts expect that Lamb Weston will report full year sales of $807.55 million for the current fiscal year, with estimates ranging from $3.28 billion to $3.33 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.43 billion per share, with estimates ranging from $3.37 billion to $3.49 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Lamb Weston.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The firm had revenue of $824.60 million for the quarter, compared to the consensus estimate of $815.29 million. During the same quarter last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Several research firms have recently commented on LW. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Stifel Nicolaus raised their price objective on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Jefferies Group raised their price objective on Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Bank of America raised their price objective on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Lamb Weston presently has an average rating of “Buy” and a consensus target price of $53.13.

In other Lamb Weston news, Director Peter J. Bensen bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were bought at an average price of $58.18 per share, with a total value of $290,900.00. Following the purchase, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group bought a new stake in Lamb Weston during the 2nd quarter valued at approximately $106,000. Chicago Partners Investment Group LLC increased its stake in Lamb Weston by 359.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,881 shares during the last quarter. Advisory Services Network LLC increased its stake in Lamb Weston by 81.5% in the 2nd 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. Massey Quick Simon & CO. LLC bought a new stake in Lamb Weston in the 3rd quarter worth approximately $146,000. Finally, Huntington National Bank bought a new stake in Lamb Weston in the 3rd quarter worth approximately $155,000. 79.38% of the stock is currently owned by institutional investors.

Lamb Weston (NYSE:LW) opened at $58.28 on Friday. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston has a 12 month low of $35.81 and a 12 month high of $58.70. The company has a market capitalization of $8,481.00, a PE ratio of 26.98, a PEG ratio of 1.98 and a beta of 1.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is 34.72%.

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Lamb Weston 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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Earnings History and Estimates for Lamb Weston (NYSE:LW)

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