Lamb Weston (NYSE:LW) announced its quarterly earnings data on Wednesday. The specialty retailer reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.06), MarketWatch Earnings reports. Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The company had revenue of $895.80 million for the quarter, compared to analyst estimates of $819.94 million. During the same period in the prior year, the company posted $0.77 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis.

LW stock opened at $77.99 on Thursday. Lamb Weston has a 1-year low of $51.72 and a 1-year high of $86.41. The company has a current ratio of 2.91, a quick ratio of 1.88 and a debt-to-equity ratio of 6.65. The business’s 50 day moving average is $80.38 and its 200-day moving average is $75.25. The firm has a market cap of $11.41 billion, a P/E ratio of 38.61, a P/E/G ratio of 3.31 and a beta of 0.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 7th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 6th. Lamb Weston’s dividend payout ratio is 37.60%.

Separately, Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $81.25.

In other news, CEO Thomas P. Werner sold 69,500 shares of the business’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $77.65, for a total value of $5,396,675.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Eryk J. Spytek sold 6,183 shares of the stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total value of $463,725.00. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.

Further Reading: Depreciation

Earnings History for Lamb Weston (NYSE:LW)

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