Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Lamb Weston (NYSE:LW - Get Free Report) posted its quarterly earnings data on Thursday. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.23, Briefing.com reports. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Lamb Weston updated its FY25 guidance to $3.05-3.20 EPS and its FY 2025 guidance to 3.050-3.200 EPS.

Lamb Weston Stock Performance

Shares of NYSE LW traded down $0.46 during mid-day trading on Friday, hitting $59.11. The company had a trading volume of 5,115,775 shares, compared to its average volume of 2,739,646. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.40 and a beta of 0.48. The firm's 50 day simple moving average is $55.22 and its two-hundred day simple moving average is $65.57. 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 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 58.50%.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus reduced their price target on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $73.09.

Insiders Place Their Bets

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.