Lamb Weston (LW) Getting Somewhat Positive News Coverage, Study Shows

Media headlines about Lamb Weston (NYSE:LW) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lamb Weston earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 46.3517518832754 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Lamb Weston (NYSE LW) traded up $0.05 during trading hours on Wednesday, reaching $55.80. 923,598 shares of the company were exchanged, compared to its average volume of 986,346. The company has a market capitalization of $8,315.68 and a PE ratio of 24.73. Lamb Weston has a 1 year low of $34.15 and a 1 year high of $57.20. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. The firm had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The firm’s revenue was up 5.3% compared to the same quarter last year. research analysts predict that Lamb Weston will post 2.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, November 2nd. Lamb Weston’s payout ratio is 33.63%.

Several research firms have recently issued reports on LW. Bank of America increased their price objective on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Jefferies Group reiterated a “buy” rating and issued a $58.00 price objective (up from $53.00) on shares of Lamb Weston in a report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective (up from $46.00) on shares of Lamb Weston in a report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.63.

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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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