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Lamb Weston Holdings, Inc. (LW) produces, distributes, and markets value-added frozen potato products worldwide.
It operates through four segments: Global, Foodservice, Retail, and Other.
The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
It serves retail and foodservice customers; grocery, mass, club, and specialty retailers; and businesses, independent restaurants, regional chain restaurants, and convenience stores, as well as educational institutions.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation. The formation was made following the company's latest quarterly report. Lamb Weston Holdings reported 1st Quarter August 2019 earnings of $0.79 per share on revenue of $989.0 million. The consensus earnings estimate was $0.80 per share on revenue of $972.1 million. Revenue grew 8.1% on a year-over-year basis.
The company said it continues to expect fiscal 2020 revenue of approximately $3.94 billion. The current consensus estimate is revenue of $4.00 billion for the year ending May 31, 2020.
Entry Point: $86.00
Trading Range: $58.83 - $86.59
Stop Loss: $81.80
Target Price: $94.60
LW closed at $91.10
