Analysts predict that Lamb Weston Holdings Inc (NYSE:LW) will announce $964.39 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Lamb Weston’s earnings. The highest sales estimate is $967.20 million and the lowest is $961.96 million. Lamb Weston posted sales of $911.40 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The business is scheduled to announce its next quarterly earnings report on Friday, January 3rd.
According to Zacks, analysts expect that Lamb Weston will report full-year sales of $4.04 billion for the current fiscal year, with estimates ranging from $4.03 billion to $4.05 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.11 billion, with estimates ranging from $4.08 billion to $4.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Lamb Weston.
Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. The business had revenue of $989.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.
In other Lamb Weston news, VP Bernadette M. Madarieta sold 1,320 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $75.59, for a total transaction of $99,778.80. Following the sale, the vice president now directly owns 14,777 shares in the company, valued at approximately $1,116,993.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Lamb Weston by 16.8% in the 3rd quarter. Signaturefd LLC now owns 934 shares of the specialty retailer’s stock worth $68,000 after buying an additional 134 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Lamb Weston by 3.2% in the third quarter. Wetherby Asset Management Inc. now owns 4,576 shares of the specialty retailer’s stock valued at $333,000 after purchasing an additional 144 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Lamb Weston by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,880 shares of the specialty retailer’s stock valued at $309,000 after purchasing an additional 151 shares in the last quarter. BB&T Securities LLC grew its position in shares of Lamb Weston by 2.9% in the second quarter. BB&T Securities LLC now owns 7,084 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 198 shares during the last quarter. Finally, We Are One Seven LLC grew its position in shares of Lamb Weston by 2.7% in the third quarter. We Are One Seven LLC now owns 8,868 shares of the specialty retailer’s stock valued at $645,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 88.09% of the company’s stock.
NYSE:LW traded down $0.19 during midday trading on Tuesday, reaching $84.22. The stock had a trading volume of 687,588 shares, compared to its average volume of 1,427,430. The company has a quick ratio of 0.81, a current ratio of 1.68 and a debt-to-equity ratio of 23.94. The stock has a market cap of $12.35 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.17 and a beta of 0.21. The firm has a fifty day simple moving average of $80.12 and a two-hundred day simple moving average of $70.62. Lamb Weston has a 12-month low of $58.83 and a 12-month high of $84.99.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, October 31st. 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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