LAMB WESTON HOLDINGS INC. $82 is a buy. The company (New York symbol LW, Income Portfolio, Consumer sector; Shares o/s: 143.7 million; Market cap: $11.8 billion; Price-to-sales ratio: 2.9; Divd. yield: 1.2%; TSINetwork Rating: Average; www.lambweston.com) is a leading producer of frozen french fries and other packaged vegetables.
Thanks to the re-opening of restaurants and higher selling prices, the company’s sales in its fiscal 2022 fourth quarter, ended May 29, 2022, rose 14.5%, to $1.15 billion from $1.01 billion a year earlier. As well, earnings shot up 209.5%, to $0.65 from $0.21.
Investors can expect Lamb Weston’s earnings for fiscal 2023 to rise 34% to $2.79 a share. The stock trades at 30.7 times that forecast. That high multiple is still reasonable in light of the company’s high share (about 40%) of the global potato market. The $0.98 dividend yields 1.2%.
Lamb Weston is a buy. buy…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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