Lamb Weston Holdings, Inc. Forecasted to Earn FY2024 Earnings of $5.52 Per Share (NYSE:LW)

Lamb Weston Holdings, Inc. (NYSE:LW) – Equities researchers at Zacks Research reduced their FY2024 EPS estimates for shares of Lamb Weston in a research note issued on Thursday, April 18th. Zacks Research analyst A. Mohta now forecasts that the specialty retailer will post earnings of $5.52 per share for the year, down from their previous forecast of $5.85. The consensus estimate for Lamb Weston’s current full-year earnings is $5.52 per share. Zacks Research also issued estimates for Lamb Weston’s Q4 2024 earnings at $1.24 EPS and Q4 2025 earnings at $1.48 EPS.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s revenue was up 16.3% on a year-over-year basis.

Several other research analysts have also recently commented on the stock. Barclays lowered their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BNP Paribas initiated coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. Finally, Citigroup lowered their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Lamb Weston presently has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Trading Up 0.9 %

NYSE LW opened at $81.00 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. Lamb Weston has a 52 week low of $77.41 and a 52 week high of $117.38. The stock has a market capitalization of $11.70 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The firm has a 50 day moving average of $97.40 and a two-hundred day moving average of $98.84.

Hedge Funds Weigh In On Lamb Weston

Large investors have recently bought and sold shares of the company. Raymond James & Associates increased its holdings in shares of Lamb Weston by 60.0% in the 1st quarter. Raymond James & Associates now owns 31,305 shares of the specialty retailer’s stock valued at $1,875,000 after purchasing an additional 11,741 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Lamb Weston by 37.5% in the 1st quarter. American Century Companies Inc. now owns 21,746 shares of the specialty retailer’s stock valued at $1,302,000 after purchasing an additional 5,933 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Lamb Weston in the 1st quarter valued at about $92,000. MetLife Investment Management LLC increased its holdings in shares of Lamb Weston by 28.5% in the 1st quarter. MetLife Investment Management LLC now owns 41,455 shares of the specialty retailer’s stock valued at $2,484,000 after purchasing an additional 9,184 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Lamb Weston by 158.3% in the 1st quarter. Panagora Asset Management Inc. now owns 28,927 shares of the specialty retailer’s stock valued at $1,733,000 after purchasing an additional 17,726 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Lamb Weston’s payout ratio is currently 19.23%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.