Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Lamb Weston (NYSE:LW) issued its quarterly earnings results on Tuesday. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01, Briefing.com reports. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. 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 Stock Performance

LW stock traded down $0.48 during mid-day trading on Thursday, reaching $66.10. The company had a trading volume of 706,451 shares, compared to its average volume of 2,518,546. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The stock has a market capitalization of $9.54 billion, a P/E ratio of 8.89, a P/E/G ratio of 6.18 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The stock’s 50-day simple moving average is $61.82 and its two-hundred day simple moving average is $77.58.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 2.18%. Lamb Weston’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

LW has been the subject of several research analyst reports. The Goldman Sachs Group reduced 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. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday. Bank of America upped their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Citigroup boosted their price objective on Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average price target of $81.20.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

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.