Wall Street brokerages forecast that Lamb Weston Holdings Inc. (NYSE:LW) will post $814.45 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lamb Weston Holdings’ earnings. The lowest sales estimate is $808.90 million and the highest is $820.00 million. Lamb Weston Holdings posted sales of $790.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lamb Weston Holdings will report full-year sales of $814.45 million for the current year, with estimates ranging from $3.30 billion to $3.33 billion. For the next financial year, analysts forecast that the firm will post sales of $3.42 billion per share, with estimates ranging from $3.39 billion to $3.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Lamb Weston Holdings.

Lamb Weston Holdings (NYSE:LW) last issued 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 Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year.

LW has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 target price (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price objective on shares of Lamb Weston Holdings in a research note on Monday, September 25th. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, October 6th. Finally, Bank of America Corporation boosted their price objective on shares of Lamb Weston Holdings from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Lamb Weston Holdings currently has a consensus rating of “Buy” and a consensus price target of $50.63.

Shares of Lamb Weston Holdings (LW) opened at $54.25 on Thursday. The company has a market cap of $7,930.00 and a P/E ratio of 23.34. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings has a 12 month low of $32.01 and a 12 month high of $54.27.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a $0.1875 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a yield of 1.38%. Lamb Weston Holdings’s dividend payout ratio is currently 33.48%.

Institutional investors have recently modified their holdings of the company. Blair William & Co. IL grew its position in shares of Lamb Weston Holdings by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 21 shares during the last quarter. Bessemer Group Inc. grew its position in Lamb Weston Holdings by 3.4% in the 2nd quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 145 shares during the last quarter. Teacher Retirement System of Texas grew its position in Lamb Weston Holdings by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 193 shares during the last quarter. Utah Retirement Systems grew its position in Lamb Weston Holdings by 0.8% in the 2nd quarter. Utah Retirement Systems now owns 26,785 shares of the specialty retailer’s stock worth $1,179,000 after purchasing an additional 200 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. grew its position in Lamb Weston Holdings by 3.8% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 6,998 shares of the specialty retailer’s stock worth $308,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

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Lamb Weston Holdings Company Profile

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 Holdings (NYSE:LW)

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