Overview
- Lamb Weston plans to release its third-quarter results before U.S. markets open, with analysts expecting earnings of 61 cents per share and revenue of about $1.49 billion.
- Consensus points to a sharp drop in profit from $1.10 per share a year ago, with sales projected slightly below last year’s $1.52 billion.
- The stock closed at $42.26 on Tuesday after a 3.2% gain, recovering from Monday’s 1.6% slide to $40.95.
- Deutsche Bank’s Steve Powers kept a Hold rating and cut his price target to $40, signaling caution ahead of the update.
- Income-focused investors are watching the 3.71% dividend yield, which pays 38 cents a quarter, and Benzinga’s math shows about 3,947 shares would be needed to target $500 a month in dividends, though yields can change with price and payouts.