$0.64 Earnings Per Share Expected for Lamb Weston Holdings (LW) This Quarter

Zacks' EPS calculations are a mean average based on a survey of sell-side research firms that follow Lamb Weston.

Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings results on Tuesday, January 10th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.11. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The business had revenue of $863.40 million during the quarter, compared to analyst estimates of $813.81 million. During the same period in the previous year, the firm earned $0.59 EPS. The business's revenue was up 12.3% compared to the same quarter a year ago. 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. The company now has a consensus rating of "Buy" and an average price target of $59.71. Stifel Nicolaus reissued a "hold" rating and issued a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. Jefferies Group restated a "buy" rating and issued a $66.00 price objective on shares of Lamb Weston in a report on Thursday, April 5th. (NYSE:LW) reached all time high today, Apr, 16 and still has $70.06 target or 8.00 % above today's $64.87 share price. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Zacks Investment Research raised Lamb Weston from a hold rating to a buy rating and set a $63.00 target price for the company in a report on Thursday, March 29th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Telemus Capital LLC grew its position in Lamb Weston by 1.1% during the fourth quarter. QS Investors LLC grew its position in Lamb Weston by 10.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,057 shares of the specialty retailer's stock worth $36,470,000 after buying an additional 625,852 shares in the last quarter. Garde Capital Inc. grew its position in Lamb Weston by 22.8% 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. Finally, BlackRock Inc. lifted its position in shares of Lamb Weston by 5.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,967 shares of the specialty retailer's stock worth $958,000 after purchasing an additional 1,544 shares during the period. The company has a debt-to-equity ratio of -5.98, a quick ratio of 0.63 and a current ratio of 1.72. Lamb Weston Holdings has a 1-year low of $29.62 and a 1-year high of $43.48. The company has $9.44 billion MC.

Is It Time To Buy Stock? Micron Technology, Inc. (MU)
The abbreviation EPS means "Earnings Per Share" and it means how much the stock grows for the calculated amount of time. Now it had 10,625 shares held by the institutional investor. 151 funds opened positions while 637 raised stakes.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 3rd.

Lamb Weston Holdings Inc (LW) now has a 14-day Commodity Channel Index (CCI) of 155.25.

WARNING: "Lamb Weston (NYSE:LW) Price Target Increased to $64.00 by Analysts at Morgan Stanley" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright laws.

Noticias recomendadas

Nos complace brindar esta oportunidad para compartir información, experiencias y observaciones sobre lo que está en las noticias.
Algunos de los comentarios se pueden reimprimir en otras partes del sitio o en el periódico.
Gracias por tomarse el tiempo para ofrecer sus pensamientos.