Lamb Weston (LW) Earning Somewhat Positive Media Coverage, Report Finds

Media coverage about Lamb Weston (NYSE:LW) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. 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 earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.6948092383522 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s analysis:

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NYSE:LW traded up $0.31 on Friday, hitting $61.78. 1,652,389 shares of the company’s stock were exchanged, compared to its average volume of 1,212,798. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston has a 52 week low of $40.75 and a 52 week high of $62.83. The stock has a market capitalization of $8,690.10, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. 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 posted $0.59 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts anticipate that Lamb Weston will post 2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be given a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.77 annualized dividend and a yield of 1.24%. Lamb Weston’s dividend payout ratio (DPR) is presently 32.76%.

LW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Thursday, March 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Jefferies Group upped their target price on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley upped their target price on shares of Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday. Two investment 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 stock. Lamb Weston has a consensus rating of “Buy” and an average price target of $59.71.

In other Lamb Weston news, Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of $58.18 per share, with a total value of $290,900.00. Following the transaction, the director now directly owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

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Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Insider Buying and Selling by Quarter for Lamb Weston (NYSE:LW)

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