Of 23 analysts covering Constellation, 20 have a Buy or Strong Buy rating and the others have Hold ratings. At a share price of around $250.00, the upside potential based on a median price target of $297.50 is 19%. At the high price target of $315.00, the upside potential rises to 26%.
Analysts expect Constellation to report fiscal 2024 second-quarter revenue of $2.82 billion, up 12.2% sequentially and by 6.0% year over year. Adjusted EPS are pegged at $3.37, up 15.9% sequentially and 6.3% higher year over year. For the full fiscal year ending in February, estimates call for EPS of $11.71, up by 9.9%, and revenue of $10.11 billion, up 6.9%.
Constellation stock trades at 21.4 times expected 2024 EPS, 18.7 times estimated 2025 earnings of $13.40 and 16.6 times estimated 2026 earnings of $15.05 per share. The 52-week trading range is $208.12 to $273.65. Constellation pays an annual dividend of $3.56 (yield of 1.42%). Total shareholder return for the past 12 months was 10.37%.
Lamb Weston
Lamb Weston Holdings Inc. (NYSE: LW) is the nation’s largest producer and marketer of frozen potato products and the ninth-largest packaged food company of any kind.
In February, the company acquired the 50% of a joint venture that it did not already own from Netherlands-based Meijer Frozen Foods. That boosted revenue in the May quarter but came at a cost to EPS, and EPS is expected to take a hit again in the August quarter. The hit to EPS sent investors fleeing, and the share price has fallen by about 20% over the past three months. The outlook for the full fiscal year calls for more growth, however.
Of nine analysts covering the company, eight have a Buy or Strong Buy rating, and the other has a Sell rating. At a share price of around $91.70, the upside potential based on a median price target of $125.00 is about 36.3%. At the high price target of $130.00, the upside potential rises to 41.8%.
Analysts expect the company to report fiscal 2024 first-quarter revenue of $1.61 billion, down 4.8% sequentially but 42.5% higher year over year. Adjusted EPS are pegged at $1.08, down 11.3% sequentially and up 44.0% year over year. For the full fiscal year that ends in May, estimates call for EPS of $5.29, up by 13%, and revenue of $6.81 billion, up 27.3%.
Lamb Weston stock trades at 17.3 times expected 2024 EPS, 15.7 times estimated 2025 earnings of $5.84 and 14.7 times estimated 2026 earnings of $6.25 per share. The 52-week range is $76.56 to $117.38. The company pays an annual dividend of $1.12 (yield of 1.21%). Total shareholder return for the past 12 months was 19.94%.
Originally published at 24/7 Wall St.
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