Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Lamb Weston (NYSE:LW) announced its earnings results on Tuesday. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $819.94 million. During the same period last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis.

Shares of LW opened at $77.99 on Thursday. The company has a market capitalization of $11.41 billion, a PE ratio of 38.61, a PEG ratio of 3.31 and a beta of 0.78. The company has a debt-to-equity ratio of 6.65, a quick ratio of 1.88 and a current ratio of 2.91. The company’s 50 day moving average price is $80.38 and its 200 day moving average price is $75.25. Lamb Weston has a 52 week low of $51.72 and a 52 week high of $86.41.

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

Several analysts have issued reports on LW shares. Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday. The Goldman Sachs Group lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $84.00 to $81.00 in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Lamb Weston currently has a consensus rating of “Buy” and a consensus price target of $81.20.

In related 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 legal filing with the Securities & Exchange Commission, which is available at 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 corporate 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.

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Earnings History for Lamb Weston (NYSE:LW)

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