Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results

Lamb Weston (NYSE:LW) posted its quarterly earnings data on Tuesday. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01, Briefing.com reports. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. 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 Trading Up 2.6 %

LW opened at $66.59 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The business’s 50 day moving average is $61.82 and its two-hundred day moving average is $77.58. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75.

Lamb Weston Announces Dividend

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

Insider Transactions at Lamb Weston

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $60.00 in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Lamb Weston presently has an average rating of “Moderate Buy” and a consensus target price of $80.70.

About Lamb Weston

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.