Lamb Weston (LW) to Release Earnings on Thursday

Lamb Weston (NYSE:LWGet Free Report) is set to post its quarterly earnings results before the market opens on Thursday, April 4th. Analysts expect Lamb Weston to post earnings of $1.42 per share for the quarter. Lamb Weston has set its FY24 guidance at $5.70-6.15 EPS and its FY 2024 guidance at 5.700-6.150 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Lamb Weston (NYSE:LWGet Free Report) last released its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, analysts expect Lamb Weston to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lamb Weston Stock Performance

LW opened at $104.98 on Tuesday. The stock has a market cap of $15.16 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.20 and a beta of 0.72. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.29 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $103.10 and its 200 day simple moving average is $99.95. Lamb Weston has a 1-year low of $81.25 and a 1-year high of $117.38.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is currently 18.73%.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently bought and sold shares of LW. Eagle Bay Advisors LLC acquired a new position in Lamb Weston in the second quarter worth about $29,000. Clear Street Markets LLC grew its stake in Lamb Weston by 92.5% in the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 136 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Lamb Weston by 330.1% in the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 482 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Lamb Weston in the fourth quarter valued at approximately $39,000. Finally, Atlas Capital Advisors LLC acquired a new position in Lamb Weston in the fourth quarter valued at approximately $43,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. BNP Paribas initiated coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. Wells Fargo & Company initiated coverage on Lamb Weston in a research note on Tuesday, December 12th. They set an “overweight” rating and a $120.00 price target on the stock. Stifel Nicolaus increased their price target on Lamb Weston from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. Finally, Citigroup initiated coverage on Lamb Weston in a research note on Thursday, February 1st. They set a “buy” rating and a $132.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $127.20.

Read Our Latest Research Report on LW

Lamb Weston Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Lamb Weston (NYSE:LW)

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