Lamb Weston Holdings, Inc. (NYSE:LW) Expected to Announce Quarterly Sales of $1.06 Billion

Analysts expect that Lamb Weston Holdings, Inc. (NYSE:LWGet 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:LWGet 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.

Several research firms have weighed in on LW. The Goldman Sachs Group dropped their target price on shares of Lamb Weston from $70.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. Jefferies Financial Group dropped their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 22nd. StockNews.com assumed coverage on shares of Lamb Weston in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut shares of Lamb Weston from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research note on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.20.

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.

Read More

Get a free copy of the Zacks research report on Lamb Weston (LW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.