Lancaster Colony Corp. (LANC) Announces Quarterly Results
Lancaster Colony Corp. (NASDAQ:LANC) posted its quarterly earnings results on Thursday. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.99 by $0.19, American Banking & Market News reports. The company had revenue of $259.00 million for the quarter, compared to the consensus estimate of $257.00 million.
Shares of Lancaster Colony Corp. (NASDAQ:LANC) opened at 92.96 on Thursday. Lancaster Colony Corp. has a 1-year low of $70.29 and a 1-year high of $99.73. The stock has a 50-day moving average of $91.79 and a 200-day moving average of $92.23. The company has a market cap of $2.541 billion and a P/E ratio of 32.27.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, September 5th.
Lancaster Colony Corporation is a diversified manufacturer and marketer of consumer products focusing primarily on specialty foods for the retail and foodservice markets.
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