Lamb Weston (NYSE:LW) Announces Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Lamb Weston (NYSE:LW) released its earnings results on Wednesday. The specialty retailer reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.18), reports. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $1 billion. Lamb Weston had a net margin of 8.66% and a return on equity of 75.97%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share.

Shares of LW traded down $1.73 during midday trading on Friday, reaching $56.47. The stock had a trading volume of 24,016 shares, compared to its average volume of 1,170,500. The company has a debt-to-equity ratio of 5.63, a current ratio of 2.88 and a quick ratio of 2.05. Lamb Weston has a 1-year low of $54.18 and a 1-year high of $86.41. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.58 and a beta of 0.76. The company’s fifty day simple moving average is $63.62 and its two-hundred day simple moving average is $73.77.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Friday, November 5th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 4th. Lamb Weston’s dividend payout ratio is presently 43.52%.

In other Lamb Weston news, Director William G. Jurgensen purchased 2,151 shares of the stock in a transaction that occurred on Thursday, July 29th. The stock was purchased at an average cost of $68.65 per share, with a total value of $147,666.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by insiders.

An institutional investor recently raised its position in Lamb Weston stock. Morgan Stanley increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 461,685 shares of the specialty retailer’s stock after purchasing an additional 34,488 shares during the quarter. Morgan Stanley owned 0.32% of Lamb Weston worth $37,239,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 85.29% of the company’s stock.

LW has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Lamb Weston in a research note on Wednesday. They set a “buy” rating and a $85.00 target price on the stock. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a research report on Tuesday, July 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lamb Weston presently has a consensus rating of “Buy” and an average price target of $87.17.

About Lamb Weston

Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.

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Earnings History for Lamb Weston (NYSE:LW)

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