FY2018 EPS Estimates for Lamb Weston Holdings (NYSE:LW) Increased by Analyst

Jefferies Group also issued estimates for Lamb Weston's Q1 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.97 EPS, FY2019 earnings at $3.19 EPS, Q3 2020 earnings at $1.07 EPS, FY2020 earnings at $3.58 EPS, FY2021 earnings at $4.01 EPS and FY2022 earnings at $4.43 EPS. Lamb Weston reported earnings of $0.51 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 25.5%.

On average, analysts expect that Lamb Weston will report full year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.67.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 5th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The firm had revenue of $863.40 million for the quarter, compared to analysts' expectations of $813.81 million. During the same period in the previous year, the firm earned $0.59 EPS. Lamb Weston's revenue for the quarter was up 12.3% on a year-over-year basis. Accern also assigned press coverage about the specialty retailer an impact score of 46.5932091447868 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. Lamb Weston presently has an average rating of Buy and a consensus price target of $59.71. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a "hold" rating to a "sell" rating in a research note on Thursday, January 12th. Morgan Stanley upped their price objective on Lamb Weston from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, April 6th. Two investment 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 company. Zacks Investment Research raised Lamb Weston from a "hold" rating to a "buy" rating and set a $63.00 price target for the company in a report on Thursday, March 29th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LW. Telemus Capital LLC grew its position in Lamb Weston by 1.1% during the fourth quarter. They now have an equal weight rating on the specialty retailer's stock. QS Investors LLC grew its position in Lamb Weston by 10.9% during the fourth quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer's stock worth $170,680,000 after buying an additional 1,320,000 shares in the last quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer's stock worth $743,124,000 after buying an additional 622,607 shares in the last quarter.

NYSE LW opened at $62.29 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of -5.98. Lamb Weston has a 1 year low of $40.75 and a 1 year high of $64.95. The company has a market capitalization of $9,033.72, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76. Stockholders of record on Friday, May 4th will be paid a $0.1913 dividend. The stock's Dividend Yield stands at 1.20%. The ex-dividend date of this dividend is Wednesday, April 26th. Lamb Weston's dividend payout ratio (DPR) is now 32.76%.

"ILLEGAL ACTIVITY WARNING: "$0.64 Earnings Per Share Expected for Lamb Weston Holdings (LW) This Quarter" was first published by Macon Daily and is the property of of Macon Daily.