Lamb Weston (NYSE:LW) posted its earnings results on Tuesday. The specialty retailer reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $819.94 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis.
Shares of LW stock opened at $77.99 on Thursday. The company has a market cap of $11.41 billion, a price-to-earnings 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 simple moving average of $80.38 and a 200-day simple moving average of $75.25. Lamb Weston has a 12-month low of $51.72 and a 12-month high of $86.41. The company has a current ratio of 2.91, a quick ratio of 1.88 and a debt-to-equity ratio of 6.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 7th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, May 6th. Lamb Weston’s dividend payout ratio is presently 37.60%.
In other news, SVP Eryk J. Spytek sold 6,183 shares of the stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas P. Werner sold 69,500 shares of the stock in a transaction that occurred on Friday, January 15th. The stock was 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. Corporate insiders own 0.81% of the company’s stock.
Several research firms have recently weighed in on LW. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday. The Goldman Sachs Group downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the company from $84.00 to $81.00 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $81.20.
About Lamb Weston
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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