Lamb Weston (LW) Earns Coverage Optimism Score of 0.19

Media coverage about Lamb Weston (NYSE:LW) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lamb Weston earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 46.9955587613804 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

Lamb Weston (NYSE LW) traded down $0.31 on Thursday, reaching $59.03. 1,657,129 shares of the company’s stock were exchanged, compared to its average volume of 1,120,000. Lamb Weston has a 12 month low of $35.81 and a 12 month high of $59.63. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43. The stock has a market cap of $8,630.00 and a price-to-earnings ratio of 27.33.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company had revenue of $824.60 million during the quarter, compared to analyst estimates of $815.29 million. During the same period last year, the firm posted $0.63 EPS. Lamb Weston’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts anticipate that Lamb Weston will post 2.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be given a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a yield of 1.30%. Lamb Weston’s dividend payout ratio (DPR) is currently 34.72%.

A number of analysts recently commented on LW shares. Bank of America lifted 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. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Friday, October 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price (up from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Group raised their price target on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $53.13.

In other news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of $58.18 per share, with a total value of $290,900.00. Following the acquisition, the director now directly owns 1,935 shares in the company, valued at $112,578.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

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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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