Lancaster Colony (LANC) Scheduled to Post Quarterly Earnings on Wednesday

Lancaster Colony (NASDAQ:LANC) will be announcing its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $1.32 per share for the quarter.

Lancaster Colony (NASDAQ:LANC) last announced its quarterly earnings data on Thursday, October 26th. The company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). Lancaster Colony had a return on equity of 21.50% and a net margin of 9.20%. The company had revenue of $298.92 million for the quarter, compared to analyst estimates of $298.75 million. During the same period last year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis.

Shares of Lancaster Colony (NASDAQ LANC) opened at $127.30 on Wednesday. Lancaster Colony has a 52 week low of $113.33 and a 52 week high of $149.30. The company has a market capitalization of $3,490.00, a price-to-earnings ratio of 31.43 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, December 7th. This is a boost from Lancaster Colony’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. Lancaster Colony’s payout ratio is 59.26%.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $154.67.

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Lancaster Colony Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

Earnings History for Lancaster Colony (NASDAQ:LANC)

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