Lamb Weston (NYSE:LW) Issues FY25 Earnings Guidance

Lamb Weston (NYSE:LW) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.05-3.20 for the period, compared to the consensus estimate of $3.09. The company issued revenue guidance of $6.35-6.45 billion, compared to the consensus revenue estimate of $6.35 billion.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Jefferies Financial Group raised their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.55.

Lamb Weston Stock Up 1.6 %

Shares of Lamb Weston stock opened at $54.17 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $103.49. The company has a market cap of $7.73 billion, a P/E ratio of 21.41, a PEG ratio of 1.40 and a beta of 0.76. The company’s fifty day simple moving average is $55.27 and its two-hundred day simple moving average is $65.65.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.22. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. Lamb Weston’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is presently 58.50%.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

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.