Lamb Weston Holdings Inc. (NYSE:LW) – Investment analysts at Jefferies Group cut their Q3 2017 earnings per share estimates for shares of Lamb Weston Holdings in a research note issued on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the firm will post earnings of $0.54 per share for the quarter, down from their prior estimate of $0.55. Jefferies Group currently has a “Buy” rating and a $41.00 target price on the stock. Jefferies Group also issued estimates for Lamb Weston Holdings’ Q4 2017 earnings at $0.52 EPS, Q1 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.64 EPS and FY2020 earnings at $3.15 EPS.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings results on Tuesday, January 10th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The firm earned $790.70 million during the quarter. Lamb Weston Holdings’s revenue was up 6.8% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international copyright and trademark legislation. The original version of this piece can be viewed at http://www.watchlistnews.com/lamb-weston-holdings-inc-lw-expected-to-post-q3-2017-earnings-of-0-54-per-share/1061507.html.

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

Several other brokerages have also issued reports on LW. Stifel Nicolaus restated a “buy” rating and set a $38.00 price target (up previously from $34.00) on shares of Lamb Weston Holdings in a research note on Wednesday. Morgan Stanley assumed coverage on shares of Lamb Weston Holdings in a research note on Thursday, November 10th. They set an “equal weight” rating for the company. Barclays PLC assumed coverage on shares of Lamb Weston Holdings in a research note on Friday, November 11th. They issued an “overweight” rating and a $35.00 price objective for the company. Bank of America Corporation assumed coverage on shares of Lamb Weston Holdings in a research note on Wednesday, November 16th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Lamb Weston Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.00.

Lamb Weston Holdings (NYSE:LW) opened at 37.22 on Friday. Lamb Weston Holdings has a 52 week low of $29.62 and a 52 week high of $38.96. The stock has a 50 day moving average price of $35.61 and a 200-day moving average price of $35.01. The company has a market capitalization of $5.44 billion and a PE ratio of 17.18.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, January 30th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, January 26th.

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An institutional investor recently bought a new position in Lamb Weston Holdings stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Lamb Weston Holdings Inc. (NYSE:LW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 109,750 shares of the company’s stock, valued at approximately $4,154,000. 0.01% of the stock is owned by institutional investors and hedge funds.

5 Day Chart for NYSE:LW

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