Zacks: Analysts Expect Lamb Weston Holdings, Inc. (NYSE:LW) Will Announce Quarterly Sales of $1.06 Billion

Analysts expect Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) to report sales of $1.06 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lamb Weston’s earnings. The lowest sales estimate is $1.06 billion and the highest is $1.08 billion. Lamb Weston reported sales of $1.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lamb Weston will report full year sales of $4.01 billion for the current year, with estimates ranging from $4.00 billion to $4.02 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.40 billion, with estimates ranging from $4.38 billion to $4.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Lamb Weston.

Lamb Weston (NYSE:LW – Get Rating) last announced its earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.29. Lamb Weston had a return on equity of 66.02% and a net margin of 5.93%. The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $972.64 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 6.6% compared to the same quarter last year.

Several analysts recently weighed in on the company. The Goldman Sachs Group cut their price target on Lamb Weston from $70.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Jefferies Financial Group cut their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. Zacks Investment Research downgraded 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. JPMorgan Chase & Co. cut their price target on Lamb Weston from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 22nd. Finally, StockNews.com assumed coverage on Lamb Weston in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tcwp LLC bought a new position in shares of Lamb Weston during the 1st quarter valued at $25,000. MCF Advisors LLC bought a new position in Lamb Weston in the 1st quarter worth $27,000. Schubert & Co bought a new position in Lamb Weston in the 4th quarter worth $32,000. Engine Capital Management LP bought a new position in Lamb Weston in the 4th quarter worth $32,000. Finally, First Horizon Advisors Inc. raised its holdings in Lamb Weston by 346.2% in the 1st quarter. First Horizon Advisors Inc. now owns 531 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 412 shares during the period. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LW opened at $63.17 on Friday. Lamb Weston has a 52-week low of $49.71 and a 52-week high of $85.72. The firm has a market capitalization of $9.12 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.31 and a beta of 0.57. The stock has a 50 day moving average price of $62.44 and a 200-day moving average price of $61.55. 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 also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 6th will be paid a dividend of $0.245 per share. The ex-dividend date is Thursday, May 5th. This represents a $0.98 annualized dividend and a yield of 1.55%. Lamb Weston’s dividend payout ratio is 61.64%.

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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