Zacks: Analysts Expect Lamb Weston Holdings Inc (NYSE:LW) to Post $0.80 EPS
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.
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.
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