Lamb Weston Holdings, Inc. Expected to Earn FY2024 Earnings of $5.52 Per Share (NYSE:LW)

Lamb Weston Holdings, Inc. (NYSE:LW) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Lamb Weston in a report issued on Thursday, April 18th. Zacks Research analyst A. Mohta now forecasts that the specialty retailer will post earnings of $5.52 per share for the year, down from their prior estimate of $5.85. The consensus estimate for Lamb Weston’s current full-year earnings is $5.52 per share. Zacks Research also issued estimates for Lamb Weston’s Q4 2024 earnings at $1.24 EPS and Q4 2025 earnings at $1.48 EPS.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays cut their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Citigroup lowered their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, BNP Paribas began coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Stock Up 1.4 %

Shares of NYSE LW opened at $82.12 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The company has a 50-day moving average price of $97.40 and a 200-day moving average price of $98.90. The stock has a market capitalization of $11.86 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.32 and a beta of 0.72. Lamb Weston has a 1 year low of $77.41 and a 1 year high of $117.38.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 earnings per share.

Institutional Trading of Lamb Weston

A number of large investors have recently bought and sold shares of LW. Norges Bank bought a new stake in Lamb Weston in the 4th quarter valued at about $93,553,000. Assenagon Asset Management S.A. raised its position in shares of Lamb Weston by 406.5% in the third quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer’s stock valued at $86,407,000 after purchasing an additional 750,033 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares in the last quarter. APG Asset Management US Inc. bought a new position in Lamb Weston in the 4th quarter worth approximately $56,699,000. Finally, Schonfeld Strategic Advisors LLC grew its stake in Lamb Weston by 121.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock valued at $69,014,000 after buying an additional 409,810 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. Lamb Weston’s payout ratio is currently 19.23%.

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.