Wall Street brokerages forecast that Lamb Weston Holdings Inc (NYSE:LW) will announce earnings per share of $0.80 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lamb Weston’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.77. Lamb Weston reported earnings per share of $0.73 during the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The company is scheduled to report its next earnings report on Tuesday, October 1st.

On average, analysts expect that Lamb Weston will report full-year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.42 to $3.50. For the next financial year, analysts expect that the firm will report earnings of $3.64 per share, with EPS estimates ranging from $3.58 to $3.71. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Lamb Weston.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $972.49 million. Lamb Weston had a negative return on equity of 402.03% and a net margin of 12.48%. Lamb Weston’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share.

Several research firms have recently issued reports on LW. JPMorgan Chase & Co. began coverage on Lamb Weston in a report on Monday, June 17th. They issued a “neutral” rating and a $65.00 target price for the company. Zacks Investment Research raised Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 target price for the company in a report on Friday, July 26th. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, May 7th. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a report on Wednesday, June 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $75.71.

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Lamb Weston by 57.9% during the fourth quarter. Geode Capital Management LLC now owns 2,152,534 shares of the specialty retailer’s stock valued at $158,094,000 after purchasing an additional 789,356 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Lamb Weston during the fourth quarter valued at approximately $289,000. Nordea Investment Management AB acquired a new position in Lamb Weston during the fourth quarter valued at approximately $582,000. Dimensional Fund Advisors LP boosted its position in Lamb Weston by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 459,288 shares of the specialty retailer’s stock valued at $33,787,000 after purchasing an additional 67,448 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Lamb Weston by 6.4% during the first quarter. State of Alaska Department of Revenue now owns 35,872 shares of the specialty retailer’s stock valued at $2,687,000 after purchasing an additional 2,170 shares during the last quarter. Institutional investors and hedge funds own 89.95% of the company’s stock.

Shares of LW stock traded up $0.34 during trading on Friday, hitting $67.64. The company’s stock had a trading volume of 9,154 shares, compared to its average volume of 1,665,039. The company has a market cap of $9.77 billion, a P/E ratio of 20.94, a PEG ratio of 2.59 and a beta of 0.19. The business’s fifty day moving average is $65.47. Lamb Weston has a 52 week low of $58.83 and a 52 week high of $83.86.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.80 annualized dividend and a yield of 1.18%. Lamb Weston’s payout ratio is 24.84%.

Lamb Weston Company Profile

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.

See Also: What is Cost of Capital?

Get a free copy of the Zacks research report on Lamb Weston (LW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.