Media headlines about Lancaster Colony (NASDAQ:LANC) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lancaster Colony earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.3594383470557 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several analysts recently weighed in on the company. BidaskClub lowered Lancaster Colony from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $153.00.
Shares of LANC stock traded down $1.31 during mid-day trading on Friday, reaching $122.83. 80,382 shares of the stock traded hands, compared to its average volume of 105,041. Lancaster Colony has a 1-year low of $113.33 and a 1-year high of $135.86. The firm has a market capitalization of $3,407.89, a price-to-earnings ratio of 26.59 and a beta of 0.99.
Lancaster Colony (NASDAQ:LANC) last announced its quarterly earnings results on Thursday, January 25th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $335.10 million. During the same period in the previous year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. analysts forecast that Lancaster Colony will post 4.4 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 8th. Lancaster Colony’s payout ratio is 51.95%.
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About Lancaster Colony
Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. It offers salad dressings and sauces under the Marzetti, Marzetti Simply Dressed, Cardini's, and Girard's brands; vegetable dips and fruit dips under the Marzetti brand; frozen garlic breads under the New York BRAND Bakery, Mamma Bella, and Mamma Bella's brands; and frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's and Mary B's brands.
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