Lamb Weston (NYSE:LW) Issues Quarterly Earnings Results

Lamb Weston (NYSE:LW - Get Free Report) released its earnings results on Wednesday. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.23, Briefing.com reports. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Lamb Weston updated its FY 2026 guidance to EPS.

Lamb Weston Stock Up 3.9%

LW traded up $2.26 during trading hours on Friday, reaching $60.87. 3,561,525 shares of the stock traded hands, compared to its average volume of 2,449,477. The firm's fifty day simple moving average is $53.14 and its two-hundred day simple moving average is $54.48. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.28 and a beta of 0.46. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.58.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's payout ratio is currently 58.96%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LW shares. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday. Barclays lifted their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Bank of America dropped their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $68.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lamb Weston stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lamb Weston (NYSE:LW - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,355 shares of the specialty retailer's stock after acquiring an additional 549 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Lamb Weston were worth $872,000 as of its most recent SEC filing. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.