Media headlines about Lamb Weston (NYSE:LW) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lamb Weston earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 47.0041451156071 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Lamb Weston Holdings Inc. to Post FY2019 Earnings of $3.05 Per Share, Jefferies Group Forecasts (LW) (americanbankingnews.com)
- Lamb Weston Holdings Inc. (LW) Director Buys $290,900.00 in Stock (americanbankingnews.com)
- Q3 2018 EPS Estimates for Lamb Weston Holdings Inc. (LW) Lowered by Analyst (americanbankingnews.com)
- Outline of Different Gauges: Costco Wholesale Corporation (COST), Lamb Weston Holdings, Inc. (LW) – Market Movers (financialqz.com)
- Potato Processor Lamb Weston reports 4% sales increase to 825 million for Q2 FY 2018 – PotatoPro (potatopro.com)
Several brokerages have issued reports on LW. Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Jefferies Group boosted their price objective on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Bank of America boosted their price objective on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective (up from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lamb Weston has a consensus rating of “Buy” and an average price target of $53.13.
Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The business had revenue of $824.60 million for the quarter, compared to analysts’ expectations of $815.29 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts forecast that Lamb Weston will post 2.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.32%. Lamb Weston’s dividend payout ratio is 34.72%.
In related news, Director Peter J. Bensen purchased 5,000 shares of the stock in a transaction dated Monday, January 8th. The shares were acquired at an average cost of $58.18 per share, with a total value of $290,900.00. Following the purchase, the director now directly owns 1,935 shares in the company, valued at approximately $112,578.30. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.
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Lamb Weston Company Profile
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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