Analysts expect that Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) will post $1.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Lamb Weston’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.08 billion. Lamb Weston posted sales of $1.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Lamb Weston will report full-year sales of $4.01 billion for the current financial year, with estimates ranging from $4.00 billion to $4.02 billion. For the next financial year, analysts forecast that the company will report sales of $4.40 billion, with estimates ranging from $4.38 billion to $4.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Lamb Weston.
Lamb Weston (NYSE:LW – Get Rating) last posted its earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Lamb Weston had a net margin of 5.93% and a return on equity of 66.02%. The firm had revenue of $955.00 million during the quarter, compared to the consensus estimate of $972.64 million. During the same period last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.
NYSE:LW traded up $1.39 during mid-day trading on Friday, hitting $68.71. 1,427,965 shares of the company’s stock traded hands, compared to its average volume of 1,442,740. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.59 and a current ratio of 2.63. The firm’s 50 day simple moving average is $60.84 and its 200 day simple moving average is $60.31. Lamb Weston has a 1 year low of $49.71 and a 1 year high of $85.72. The company has a market cap of $9.93 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 6th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.98 dividend on an annualized basis and a yield of 1.43%. Lamb Weston’s dividend payout ratio (DPR) is 61.64%.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Lamb Weston by 1.8% during the third quarter. BlackRock Inc. now owns 10,089,732 shares of the specialty retailer’s stock valued at $619,206,000 after purchasing an additional 180,439 shares during the period. London Co. of Virginia increased its stake in shares of Lamb Weston by 39.9% in the fourth quarter. London Co. of Virginia now owns 3,701,715 shares of the specialty retailer’s stock worth $234,615,000 after buying an additional 1,055,579 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lamb Weston by 696.2% in the fourth quarter. Marshall Wace LLP now owns 3,551,015 shares of the specialty retailer’s stock worth $225,063,000 after buying an additional 3,105,026 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Lamb Weston by 70.5% in the third quarter. Macquarie Group Ltd. now owns 3,331,448 shares of the specialty retailer’s stock worth $204,431,000 after buying an additional 1,377,878 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Lamb Weston by 14.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,966,731 shares of the specialty retailer’s stock worth $188,082,000 after buying an additional 382,224 shares during the last quarter. 91.78% of the stock is currently owned by hedge funds and other institutional investors.
About Lamb Weston (Get Rating)
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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