Lamb Weston (NYSE:LW) Posts Earnings Results, Misses Estimates By $0.06 EPS

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Lamb Weston (NYSE:LW) released its earnings results on Tuesday. The specialty retailer reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06), MarketWatch Earnings reports. Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The firm had revenue of $895.80 million for the quarter, compared to analyst estimates of $819.94 million. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year.

Shares of NYSE:LW traded down $2.32 during midday trading on Thursday, hitting $75.67. 9,357 shares of the company’s stock were exchanged, compared to its average volume of 992,364. The company has a debt-to-equity ratio of 6.65, a current ratio of 2.91 and a quick ratio of 1.88. Lamb Weston has a 12 month low of $51.72 and a 12 month high of $86.41. The company has a market cap of $11.07 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. The stock has a 50 day moving average price of $80.38 and a 200-day moving average price of $75.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Friday, May 7th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 6th. Lamb Weston’s dividend payout ratio is currently 37.60%.

In related news, SVP Eryk J. Spytek sold 6,183 shares of the stock in a transaction on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total value of $463,725.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas P. Werner sold 69,500 shares of the firm’s stock in a transaction on Friday, January 15th. The shares were sold at an average price of $77.65, for a total value of $5,396,675.00. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the company. The Goldman Sachs Group lowered Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price target for the company from $84.00 to $81.00 in a research note on Thursday. Bank of America upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $81.20.

Lamb Weston Company Profile

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, sweet potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.

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Earnings History for Lamb Weston (NYSE:LW)

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