$814.45 Million in Sales Expected for Lamb Weston Holdings Inc. (LW) This Quarter

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.

A number of equities research analysts have recently weighed in on LW shares. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday, October 6th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective (up from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Jefferies Group restated a “buy” rating and set a $58.00 price objective (up from $53.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Finally, Bank of America boosted their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Lamb Weston currently has a consensus rating of “Buy” and a consensus price target of $50.63.

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%.

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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.

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Earnings History and Estimates for Lamb Weston (NYSE:LW)

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