Press coverage about Lamb Weston (NYSE:LW) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lamb Weston earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.3670797029956 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Global savory snacks market is driven by the growing demand for healthy snacks in next 10 years (marketwatch.com)
- Lamb Weston Holdings Inc (LW) Shares Sold by State of Tennessee Treasury Department (americanbankingnews.com)
- First Trust Advisors LP Has $7 Million Stake in Lamb Weston Holdings Inc (LW) (americanbankingnews.com)
- Lamb Weston Holdings Inc (LW) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
LW has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group upped their target price on Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.14.
Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The firm had revenue of $824.60 million for the quarter, compared to the consensus estimate of $815.29 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that Lamb Weston will post 2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were given a dividend of $0.1913 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a yield of 1.34%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is currently 35.19%.
In other Lamb Weston news, Director Peter J. Bensen purchased 5,000 shares of the stock in a transaction on Monday, January 8th. The shares were bought at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the transaction, the director now owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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