Lamb Weston (NYSE:LW) Announces Earnings Results, Beats Expectations By $0.01 EPS

Lamb Weston (NYSE:LW) released its earnings results on Tuesday. The specialty retailer reported $0.73 earnings per share 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 the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Lamb Weston’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. 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 Price Performance

NYSE:LW opened at $66.59 on Thursday. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The stock has a market cap of $9.61 billion, a PE ratio of 8.89, a P/E/G ratio of 6.18 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The stock has a 50 day moving average price of $61.82 and a 200 day moving average price of $77.58.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.36 dividend. 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 2.16%. Lamb Weston’s payout ratio is 19.23%.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on LW shares. Citigroup increased their price target on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. TD Cowen raised their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. decreased their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus downgraded Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Finally, Wells Fargo & Company decreased their price objective on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.