Analysts Offer Predictions for Lassonde Industries Inc’s FY2018 Earnings (LAS)

Lassonde Industries Inc (TSE:LAS) – Investment analysts at Desjardins boosted their FY2018 earnings per share estimates for shares of Lassonde Industries in a note issued to investors on Tuesday. Desjardins analyst F. Tremblay now forecasts that the company will earn $12.39 per share for the year, up from their previous forecast of $11.54. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Lassonde Industries’ FY2019 earnings at $13.81 EPS.

Lassonde Industries (TSE:LAS) last released its quarterly earnings results on Friday, November 10th. The company reported C$2.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.74 by C$0.13. Lassonde Industries had a net margin of 5.71% and a return on equity of 14.77%.

Lassonde Industries (TSE LAS) traded up C$0.58 on Thursday, hitting C$253.58. 219 shares of the stock traded hands, compared to its average volume of 1,135. Lassonde Industries has a twelve month low of C$200.00 and a twelve month high of C$258.65. The company has a market capitalization of $820.41, a PE ratio of 23.72 and a beta of 0.14.

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About Lassonde Industries

Lassonde Industries Inc is a Canada-based company, which develops, manufactures and markets a range of ready-to-drink fruit and vegetable juices and drinks. The Company is a producer of store brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The Company operates in two market segments: the retail segment and the food service segment.

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