News coverage about Lancaster Colony (NASDAQ:LANC) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lancaster Colony earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.1639930675272 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Lancaster Colony (NASDAQ LANC) traded down $0.24 during trading on Friday, hitting $127.32. The stock had a trading volume of 83,032 shares, compared to its average volume of 86,733. The firm has a market cap of $3,490.00, a PE ratio of 31.44 and a beta of 1.06. Lancaster Colony has a fifty-two week low of $113.33 and a fifty-two week high of $149.30.
Lancaster Colony (NASDAQ:LANC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). The company had revenue of $298.92 million for the quarter, compared to analyst estimates of $298.75 million. Lancaster Colony had a return on equity of 21.50% and a net margin of 9.20%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. equities research analysts predict that Lancaster Colony will post 4.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. This is a boost from Lancaster Colony’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, December 7th. Lancaster Colony’s dividend payout ratio is presently 59.26%.
A number of research analysts recently commented on the company. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded Lancaster Colony from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $154.67.
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About Lancaster Colony
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.
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