Lamb Weston Holdings Inc (NYSE:LW) – Investment analysts at Jefferies Financial Group dropped their Q1 2019 earnings per share (EPS) estimates for shares of Lamb Weston in a report released on Friday, August 24th. Jefferies Financial Group analyst A. Jagdale now anticipates that the specialty retailer will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68. Jefferies Financial Group has a “Buy” rating and a $80.00 price objective on the stock. Jefferies Financial Group also issued estimates for Lamb Weston’s Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.71 EPS, FY2019 earnings at $2.97 EPS, Q1 2020 earnings at $0.76 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $1.00 EPS, Q4 2020 earnings at $0.81 EPS, FY2020 earnings at $3.34 EPS, FY2021 earnings at $3.73 EPS and FY2022 earnings at $4.09 EPS.

LW has been the topic of several other reports. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Vertical Research started coverage on shares of Lamb Weston in a research report on Monday, May 21st. They issued a “sell” rating on the stock. Bank of America lifted their target price on shares of Lamb Weston from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, Vertical Group started coverage on shares of Lamb Weston in a research report on Tuesday, May 22nd. They issued a “sell” rating and a $56.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $68.33.

Lamb Weston stock opened at $67.90 on Monday. The company has a market capitalization of $9.81 billion, a PE ratio of 25.53, a PEG ratio of 2.07 and a beta of 0.46. The company has a current ratio of 1.79, a quick ratio of 0.73 and a debt-to-equity ratio of -6.98. Lamb Weston has a fifty-two week low of $44.68 and a fifty-two week high of $73.19.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, July 25th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The business had revenue of $918.20 million for the quarter, compared to the consensus estimate of $885.67 million. Lamb Weston had a net margin of 12.16% and a negative return on equity of 85.84%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 3rd will be given a $0.1913 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 28.57%.

A number of institutional investors and hedge funds have recently made changes to their positions in LW. Hanseatic Management Services Inc. grew its position in Lamb Weston by 4,087.5% during the first quarter. Hanseatic Management Services Inc. now owns 12,018 shares of the specialty retailer’s stock valued at $700,000 after purchasing an additional 11,731 shares in the last quarter. FDx Advisors Inc. acquired a new stake in Lamb Weston in the first quarter valued at approximately $281,000. Wells Fargo & Company MN lifted its stake in Lamb Weston by 68.2% in the first quarter. Wells Fargo & Company MN now owns 3,692,522 shares of the specialty retailer’s stock valued at $214,979,000 after acquiring an additional 1,496,815 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Lamb Weston by 6.7% in the first quarter. Daiwa Securities Group Inc. now owns 47,205 shares of the specialty retailer’s stock valued at $2,748,000 after acquiring an additional 2,950 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its stake in Lamb Weston by 6.3% in the first quarter. Dorsey Wright & Associates now owns 35,185 shares of the specialty retailer’s stock valued at $2,048,000 after acquiring an additional 2,095 shares during the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

About Lamb Weston

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

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

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