Lamb Weston (NYSE:LW) released its earnings results on Tuesday. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06), MarketWatch Earnings reports. Lamb Weston had a return on equity of 95.26% and a net margin of 8.33%. The company had revenue of $895.80 million for the quarter, compared to the consensus estimate of $819.94 million. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue was down 4.4% on a year-over-year basis.

LW opened at $77.99 on Thursday. The company has a debt-to-equity ratio of 6.65, a current ratio of 2.91 and a quick ratio of 1.88. The firm has a fifty day moving average price of $80.38 and a 200 day moving average price of $75.25. Lamb Weston has a 1 year low of $51.72 and a 1 year high of $86.41. The stock 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 disclosed 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 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, May 6th. Lamb Weston’s payout ratio is 37.60%.

In other Lamb Weston news, SVP Eryk J. Spytek sold 6,183 shares of the stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $75.00, for a total transaction of $463,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas P. Werner sold 69,500 shares of the stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $77.65, for a total transaction of $5,396,675.00. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Several equities research analysts have weighed in on the company. Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Monday. The Goldman Sachs Group downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the company from $84.00 to $81.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $81.20.

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: Systematic Risk and Investors

Earnings History for Lamb Weston (NYSE:LW)

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