Analysts expect the company to report quarterly earnings at 53 cents per share. That’s down from 73 cents per share in the year-ago period. Lamb Weston projects to report quarterly revenue at $1.62 billion. It generated $1.65 billion the previous year, according to data from Benzinga Pro.
On Aug. 20, JP Morgan analyst Thomas Palmer assumed Lamb Weston with a Neutral rating and a price target of $57.
With the recent buzz around Lamb Weston, some investors may be eyeing potential gains from the company’s dividends. As of now, Lamb Weston offers an annual dividend yield of 2.80%, which is a quarterly dividend amount of 37 cents per share ($1.48 a year).
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