Wall Street analysts expect Lamb Weston Holdings Inc. (NYSE:LW) to post $814.45 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lamb Weston’s earnings, with the highest sales estimate coming in at $820.00 million and the lowest estimate coming in at $808.90 million. Lamb Weston posted sales of $790.70 million in the same quarter last year, which suggests a positive year over year growth rate of 3%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Lamb Weston will report full-year sales of $814.45 million for the current financial year, with estimates ranging from $3.30 billion to $3.33 billion. For the next year, analysts anticipate that the company will post sales of $3.42 billion per share, with estimates ranging from $3.39 billion to $3.44 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Lamb Weston.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The company had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. The firm’s revenue was up 5.3% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC raised its holdings in shares of Lamb Weston by 359.7% during the third quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,881 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Lamb Weston during the third quarter valued at about $189,000. Public Employees Retirement System of Ohio raised its holdings in shares of Lamb Weston by 75.8% during the third quarter. Public Employees Retirement System of Ohio now owns 111,668 shares of the specialty retailer’s stock valued at $5,236,000 after purchasing an additional 48,151 shares during the period. Garde Capital Inc. acquired a new position in shares of Lamb Weston during the third quarter valued at about $267,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Lamb Weston in the 3rd quarter worth about $385,000. Institutional investors and hedge funds own 79.41% of the company’s stock.
Shares of Lamb Weston (LW) opened at $56.20 on Monday. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.62 and a quick ratio of 0.67. Lamb Weston has a 1 year low of $34.15 and a 1 year high of $56.42. The firm has a market cap of $8,216.27 and a P/E ratio of 24.43.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were issued a $0.1875 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.75 annualized dividend and a yield of 1.33%. Lamb Weston’s payout ratio is 33.63%.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://weekherald.com/2017/12/11/814-45-million-in-sales-expected-for-lamb-weston-holdings-inc-lw-this-quarter.html.
About Lamb Weston
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lamb Weston Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.