Wall Street analysts predict that Lamb Weston Holdings Inc. (NYSE:LW) will post earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lamb Weston’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.52. Lamb Weston reported earnings of $0.63 per share in the same quarter last year, which would indicate a negative year over year growth rate of 15.9%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Lamb Weston will report full-year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.40. For the next financial year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.54 to $2.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Lamb Weston.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The company had revenue of $817.50 million for the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston’s revenue was up 5.3% on a year-over-year basis.

A number of research analysts have weighed in on LW shares. Bank of America raised 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 raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, October 6th. Morgan Stanley reissued 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. Finally, Jefferies Group reissued a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.63.

Lamb Weston (NYSE:LW) traded up $0.68 on Friday, reaching $56.88. 1,390,800 shares of the company’s stock were exchanged, compared to its average volume of 987,928. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.62 and a quick ratio of 0.67. Lamb Weston has a twelve month low of $34.15 and a twelve month high of $57.20. The stock has a market cap of $8,320.00 and a price-to-earnings ratio of 24.43.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, November 2nd. Lamb Weston’s dividend payout ratio (DPR) is 33.48%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LW. Schroder Investment Management Group purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $106,000. Chicago Partners Investment Group LLC raised its position in shares of Lamb Weston by 359.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,881 shares during the period. Advisory Services Network LLC raised its position in shares of Lamb Weston by 81.5% during the 2nd quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 1,389 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $137,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in shares of Lamb Weston during the 3rd quarter valued at approximately $146,000. 79.41% of the stock is currently owned by institutional investors and hedge funds.

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

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