Brokerages predict that Lamb Weston Holdings Inc (NYSE:LW) will report $876.27 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Lamb Weston's earnings, with estimates ranging from $865.00 million to $884.80 million. Lamb Weston reported sales of $989.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.4%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, October 7th.
On average, analysts expect that Lamb Weston will report full-year sales of $3.71 billion for the current fiscal year, with estimates ranging from $3.54 billion to $3.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.93 billion, with estimates ranging from $3.71 billion to $4.11 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Lamb Weston.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by ($0.17). Lamb Weston had a net margin of 9.65% and a return on equity of 183.08%. The business had revenue of $846.90 million during the quarter, compared to the consensus estimate of $829.33 million. During the same period last year, the firm earned $0.74 EPS. The company's quarterly revenue was down 15.6% compared to the same quarter last year.
LW has been the topic of several recent analyst reports. TheStreet downgraded shares of Lamb Weston from a "b-" rating to a "c+" rating in a research note on Thursday, July 30th. Zacks Investment Research downgraded shares of Lamb Weston from a "hold" rating to a "sell" rating and set a $70.00 target price on the stock. in a research note on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Lamb Weston has an average rating of "Hold" and a consensus price target of $57.40.
In other news, Director Robert A. Niblock acquired 2,500 shares of the company's stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of $59.70 per share, with a total value of $149,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC increased its stake in Lamb Weston by 196.2% during the 1st quarter. Fred Alger Management LLC now owns 548 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 363 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Lamb Weston by 209.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 573 shares of the specialty retailer's stock worth $36,000 after acquiring an additional 388 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Lamb Weston by 35.4% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 754 shares of the specialty retailer's stock worth $48,000 after acquiring an additional 197 shares during the last quarter. FDx Advisors Inc. boosted its position in Lamb Weston by 145.8% during the 1st quarter. FDx Advisors Inc. now owns 11,218 shares of the specialty retailer's stock worth $50,000 after acquiring an additional 6,655 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its position in Lamb Weston by 32.1% during the 1st quarter. CSat Investment Advisory L.P. now owns 997 shares of the specialty retailer's stock worth $57,000 after acquiring an additional 242 shares during the last quarter. 96.34% of the stock is owned by institutional investors.
Shares of NYSE:LW opened at $62.67 on Friday. Lamb Weston has a 52 week low of $39.06 and a 52 week high of $96.32. The company has a debt-to-equity ratio of 12.47, a quick ratio of 1.77 and a current ratio of 2.25. The company's fifty day moving average is $63.77 and its 200-day moving average is $61.83. The company has a market capitalization of $9.15 billion, a PE ratio of 25.17, a P/E/G ratio of 8.75 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.47%. Lamb Weston's dividend payout ratio (DPR) is 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, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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