Lamb Weston (NYSE:LW) Posts Earnings Results

Lamb Weston (NYSE:LW) announced its earnings results on Tuesday. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01, Briefing.com reports. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. Lamb Weston updated its FY 2025 guidance to 4.150-4.350 EPS and its FY25 guidance to $4.15-4.35 EPS.

Lamb Weston Trading Up 2.6 %

Shares of Lamb Weston stock opened at $66.59 on Thursday. The stock has a fifty day simple moving average of $61.61 and a 200 day simple moving average of $77.66. The company has a market capitalization of $9.61 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 2.16%. Lamb Weston’s payout ratio is 19.23%.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LW has been the topic of a number of recent analyst reports. Citigroup raised their price target on Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. The Goldman Sachs Group cut their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. TD Cowen increased their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.70.

About Lamb Weston

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.