Lamb Weston (LW) to Release Quarterly Earnings on Thursday

Lamb Weston (NYSE:LW - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $0.88 per share and revenue of $1.50 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Lamb Weston Trading Up 0.1 %

Shares of LW traded up $0.05 during trading hours on Friday, hitting $53.95. 2,720,775 shares of the stock were exchanged, compared to its average volume of 2,796,373. The firm has a market capitalization of $7.70 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two week high of $105.55. The business has a 50-day moving average of $55.73 and a 200-day moving average of $65.88.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. Lamb Weston's payout ratio is currently 58.50%.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on LW. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price on the stock. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and cut their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Barclays dropped their target price on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.55.

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.