News coverage about Lancaster Colony (NASDAQ:LANC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lancaster Colony earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0001933788351 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Lancaster Colony (NASDAQ LANC) traded down $4.22 during midday trading on Friday, hitting $124.13. The stock had a trading volume of 173,954 shares, compared to its average volume of 142,059. Lancaster Colony has a 1 year low of $113.33 and a 1 year high of $136.37. The stock has a market cap of $3,407.62, a PE ratio of 28.80 and a beta of 1.01.
Lancaster Colony (NASDAQ:LANC) last issued its quarterly earnings results on Thursday, January 25th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.18). Lancaster Colony had a net margin of 9.84% and a return on equity of 19.65%. The firm had revenue of $319.70 million for the quarter, compared to analysts’ expectations of $335.10 million. During the same period in the prior year, the company earned $1.42 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. equities analysts predict that Lancaster Colony will post 4.62 earnings per share for the current year.
A number of research analysts have recently commented on LANC shares. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub raised Lancaster Colony from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Lancaster Colony presently has an average rating of “Hold” and an average price target of $153.00.
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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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