Lamb Weston (NYSE:LW) Announces Quarterly Earnings Results

Lamb Weston (NYSE:LW - Get Free Report) announced its quarterly earnings results on Thursday. The specialty retailer reported $1.10 EPS 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company posted $1.20 EPS. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. 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 Price Performance

Shares of NYSE LW traded down $0.46 during mid-day trading on Friday, reaching $59.11. 5,115,775 shares of the company were exchanged, compared to its average volume of 2,739,646. The stock has a market capitalization of $8.43 billion, a PE ratio of 23.36, a PEG ratio of 1.40 and a beta of 0.48. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $89.51. The company's 50 day moving average price is $55.22 and its 200 day moving average price is $65.57.

Lamb Weston Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.

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Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston 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 completion of the transaction, the director now directly 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 filing with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on LW shares. Stifel Nicolaus dropped their target price on Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group lifted their target price on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, StockNews.com raised shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $73.09.

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.