Lamb Weston (NYSE:LW – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.050-3.200 for the period, compared to the consensus EPS estimate of 3.080. The company issued revenue guidance of $6.4 billion-$6.5 billion, compared to the consensus revenue estimate of $6.3 billion. Lamb Weston also updated its FY25 guidance to $3.05-3.20 EPS.
Analyst Ratings Changes
LW has been the subject of several recent research reports. Barclays cut their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group lifted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company cut their target price on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus price target of $73.09.
Read Our Latest Report on Lamb Weston
Lamb Weston Stock Performance
Lamb Weston (NYSE:LW – Get Free Report) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Equities analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.
Lamb Weston Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio is currently 58.50%.
Insider Activity
In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company 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.
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