News headlines about Lamb Weston Holdings (NYSE:LW) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lamb Weston Holdings earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.1702004057588 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Lamb Weston Holdings (NYSE LW) opened at 50.38 on Tuesday. The stock has a market capitalization of $7.37 billion and a price-to-earnings ratio of 22.49. Lamb Weston Holdings has a 1-year low of $28.75 and a 1-year high of $51.20. The firm’s 50-day moving average is $48.21 and its 200 day moving average is $45.33.
Lamb Weston Holdings (NYSE:LW) last issued its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The business had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. Lamb Weston Holdings’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings will post $2.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.
A number of research analysts recently weighed in on LW shares. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Friday, October 6th. Bank of America Corporation lifted their price objective on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $42.00 to $44.00 in a research note on Tuesday, July 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $46.00 price objective (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $58.00 price objective (up from $53.00) on shares of Lamb Weston Holdings in a research note on Thursday, October 5th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.89.
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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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