Lamb Weston Holdings Inc. (NYSE:LW) - Research analysts at Jefferies Group lowered their Q1 2018 earnings estimates for Lamb Weston Holdings in a report released on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the specialty retailer will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.57. Jefferies Group has a “Buy” rating and a $53.00 price target on the stock. Jefferies Group also issued estimates for Lamb Weston Holdings’ Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.36 EPS, Q1 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.65 EPS, FY2019 earnings at $2.63 EPS, FY2020 earnings at $2.96 EPS and FY2021 earnings at $3.26 EPS.
A number of other research firms also recently commented on LW. Zacks Investment Research downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday. Bank of America Corporation raised their target price on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 10th. Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $42.00 to $44.00 in a report on Tuesday, July 4th. Finally, CL King initiated coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price target for the company. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.22.
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Lamb Weston Holdings (NYSE:LW) traded down 0.09% during trading on Thursday, hitting $43.82. 933,451 shares of the company traded hands. The company’s 50-day moving average is $44.66 and its 200 day moving average is $42.13. Lamb Weston Holdings has a 52-week low of $28.75 and a 52-week high of $47.99. The firm has a market cap of $6.40 billion and a price-to-earnings ratio of 21.60.
Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $833 million for the quarter, compared to analyst estimates of $810.85 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in LW. Telemus Capital LLC acquired a new position in shares of Lamb Weston Holdings during the first quarter worth about $2,976,000. Auxier Asset Management acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth about $1,312,000. Ruffer LLP acquired a new position in shares of Lamb Weston Holdings during the first quarter worth about $106,030,000. Soros Fund Management LLC raised its position in shares of Lamb Weston Holdings by 11.7% in the first quarter. Soros Fund Management LLC now owns 326,999 shares of the specialty retailer’s stock worth $13,754,000 after buying an additional 34,200 shares during the last quarter. Finally, Bollard Group LLC raised its position in shares of Lamb Weston Holdings by 6.4% in the first quarter. Bollard Group LLC now owns 25,088 shares of the specialty retailer’s stock worth $1,055,000 after buying an additional 1,508 shares during the last quarter. 77.92% of the stock is currently owned by institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, August 2nd.
About Lamb Weston Holdings
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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