Lamb Weston (NYSE:LW) announced its quarterly earnings results on Wednesday. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04, MarketWatch Earnings reports. Lamb Weston had a return on equity of 130.91% and a net margin of 9.24%. The business had revenue of $896.10 million during the quarter, compared to the consensus estimate of $890.13 million. The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS.
Shares of NYSE LW traded down $0.89 during mid-day trading on Friday, reaching $74.81. The company had a trading volume of 8,266 shares, compared to its average volume of 1,211,061. The company has a debt-to-equity ratio of 8.98, a quick ratio of 2.58 and a current ratio of 3.44. Lamb Weston has a one year low of $39.06 and a one year high of $96.32. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 4.81 and a beta of 0.77. The business’s 50-day simple moving average is $75.65 and its 200 day simple moving average is $68.36.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 5th. Investors of record on Friday, February 5th will be given a $0.235 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.23. Lamb Weston’s dividend payout ratio (DPR) is presently 36.80%.
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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