Lamb Weston (NYSE:LW) Issues Quarterly Earnings Results

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%.

LW has been the topic of several recent research reports. TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 7th. BidaskClub cut Lamb Weston from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded Lamb Weston from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $89.00 in a research report on Monday, December 7th. Zacks Investment Research upgraded Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 price objective on the stock in a research report on Thursday, October 8th. Finally, Bank of America increased their price objective on Lamb Weston from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Lamb Weston has an average rating of “Hold” and a consensus target price of $67.00.

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.

Read More: What is a good dividend yield?

Earnings History for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.