Lamb Weston - LW Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lamb Weston in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LW shares.
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5 equities research analysts have issued 1 year target prices for Lamb Weston's stock. Their LW share price forecasts range from $75.00 to $101.00. On average, they predict the company's share price to reach $88.20 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
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Lamb Weston's stock was trading at $63.38 at the start of the year. Since then, LW shares have increased by 38.4% and is now trading at $87.73.
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Lamb Weston saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 2,640,000 shares, a decline of 25.4% from the October 15th total of 3,540,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.9% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
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Lamb Weston Holdings, Inc. (NYSE:LW) issued its earnings results on Wednesday, October, 5th. The specialty retailer reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The specialty retailer had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Lamb Weston had a net margin of 9.50% and a trailing twelve-month return on equity of 93.98%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share.
Read the conference call transcript.

Lamb Weston announced a quarterly dividend on Wednesday, September 28th. Investors of record on Friday, November 4th will be given a dividend of $0.245 per share on Friday, December 2nd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 3rd.
Read our dividend analysis for LW.

Lamb Weston (NYSE:LW) pays an annual dividend of $0.98 per share and currently has a dividend yield of 1.13%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LW will have a dividend payout ratio of 25.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LW.

Lamb Weston declared that its Board of Directors has authorized a stock buyback program on Friday, December 17th 2021, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Lamb Weston issued an update on its FY 2023 earnings guidance on Thursday, October, 27th. The company provided EPS guidance of $2.45-$2.85 for the period, compared to the consensus estimate of $2.79. The company issued revenue guidance of $4.70 billion-$4.80 billion, compared to the consensus revenue estimate of $4.77 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lamb Weston investors own include Conagra Brands (CAG), RADCOM (RDCM), Walt Disney (DIS), Home Depot (HD), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), MaxLinear (MXL), Intel (INTC), NuStar Energy (NS) and AbbVie (ABBV).

Lamb Weston trades on the New York Stock Exchange (NYSE) under the ticker symbol "LW."

Lamb Weston's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.40%), BlackRock Inc. (6.30%), State Street Corp (3.62%), TPG GP A LLC (2.55%), London Co. of Virginia (2.52%) and Thrivent Financial for Lutherans (1.91%). Insiders that own company stock include Bernadette M Madarieta, Eryk J Spytek, Eryk J Spytek, Gerardo Scheufler, John C Hatto, Michael Jared Smith, Peter J Bensen, Robert A Niblock, Robert A Niblock, Robert Mcnutt, Sharon L Miller, Thomas P Werner and William G Jurgensen.
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Shares of LW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LW stock can currently be purchased for approximately $87.73.

Lamb Weston (NYSE:LW) has a market capitalization of $12.62 billion and generates $4.10 billion in revenue each year. The specialty retailer earns $200.90 million in net income (profit) each year or $2.77 on an earnings per share basis.

The company employs 8,000 workers across the globe.

Lamb Weston's mailing address is 599 S. RIVERSHORE LANE, EAGLE ID, 83616. The official website for the company is www.lambweston.com. The specialty retailer can be reached via phone at (208) 938-1047 or via email at dexter.congbalay@lambweston.com.