Lamb Weston (NYSE:LW) Announces Earnings Results, Beats Expectations By $0.01 EPS

by · The Markets Daily

Lamb Weston (NYSE:LW – Get Free Report) announced its 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 business had revenue of $1.65 billion during 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%. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $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 Stock Up 2.6 %

Shares of Lamb Weston stock opened at $66.59 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. Lamb Weston has a 52-week low of $52.99 and a 52-week high of $111.88. The company’s 50 day moving average price is $61.82 and its 200-day moving average price is $77.58. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 6.18 and a beta of 0.75.

Lamb Weston Dividend Announcement

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

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. TD Cowen upped their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Wells Fargo & Company decreased their price objective on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Citigroup upped their target price on Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.70.

Check Out Our Latest Analysis on Lamb Weston

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