Lamb Weston Holdings Inc (NYSE:LW) shares, rose in value on Thursday, April 04, with the stock price down by -17.33% to the previous day’s close as strong demand from buyers drove the stock to $83.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $101.12. The value of beta (5-year monthly) is 0.72 whereas the PE ratio is 10.88 over 12-month period. Referring to stock’s 52-week performance, its high was $117.38, and the low was $81.25. On the whole, LW has fluctuated by -18.95% over the past month.
With the market capitalization of Lamb Weston Holdings Inc currently standing at about $12.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 04, 2024. The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 1.44%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.45, which is expected to increase to $1.63 for fiscal year $6.01 and then to about $6.63 by fiscal year 2025. Data indicates that the EPS growth is expected to be 28.40% in 2025, while the next year’s EPS growth is forecast to be 10.30%.
Analysts have estimated the company’s revenue for the quarter at $1.65 billion, with a low estimate of $1.6 billion and a high estimate of $1.69 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.88 billion, representing an increase of 28.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LW’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.65, with the price of LW currently trading nearly -18.90% and -18.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 19.26, while the 7-day volatility ratio is showing 2.26% which for the 30-day chart, stands at 2.24%. Furthermore, Lamb Weston Holdings Inc (LW)’s beta value is 0.74, and its average true range (ATR) is 3.49.
A comparison of Lamb Weston Holdings Inc (LW) with its peers suggests the former has fared considerably weaker in the market. LW showed an intraday change of -17.33% in today’s session so far, and over the past year, it shrunk by -19.79%%.
Data on historical trading for Lamb Weston Holdings Inc (NYSE:LW) indicates that the trading volumes over the past 10 days have averaged 2.05 million and over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 145.67 million shares outstanding.
Nearly 2.05% of Lamb Weston Holdings Inc’s shares belong to company insiders and institutional investors own 90.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.15 million shares as on Mar 15, 2024, resulting in a short ratio of 3.03. According to the data, the short interest in Lamb Weston Holdings Inc (LW) stood at 2.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.9 million. The stock has fallen by -22.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LW stock heading into the next quarter.
