Lamb Weston (NYSE:LW) Announces Earnings Results

Lamb Weston (NYSE:LW) announced its quarterly earnings results on Tuesday. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01, Briefing.com reports. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Lamb Weston updated its FY 2025 guidance to 4.150-4.350 EPS and its FY25 guidance to $4.15-4.35 EPS.

Lamb Weston Stock Up 2.6 %

Shares of NYSE LW opened at $66.59 on Thursday. Lamb Weston has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The stock has a market cap of $9.61 billion, a P/E ratio of 8.89, a P/E/G ratio of 6.18 and a beta of 0.75. The firm has a 50 day moving average price of $61.61 and a 200 day moving average price of $77.66.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LW. TD Cowen boosted their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Citigroup upped their target price on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus cut shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. JPMorgan Chase & Co. reduced their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays dropped their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.70.

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.