Lancaster Colony (NASDAQ:LANC – Get Free Report) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.42 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Lancaster Colony (NASDAQ:LANC – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.27. The business had revenue of $485.92 million for the quarter, compared to analyst estimates of $489.00 million. Lancaster Colony had a return on equity of 17.37% and a net margin of 6.92%. On average, analysts expect Lancaster Colony to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Lancaster Colony Stock Up 1.8 %
Shares of LANC stock opened at $190.35 on Tuesday. The stock’s fifty day simple moving average is $199.34 and its 200 day simple moving average is $181.96. Lancaster Colony has a twelve month low of $158.88 and a twelve month high of $220.65. The firm has a market capitalization of $5.24 billion, a P/E ratio of 40.67 and a beta of 0.35.
Lancaster Colony Dividend Announcement
Insider Buying and Selling at Lancaster Colony
In other Lancaster Colony news, insider Kristin Bird sold 1,207 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $192.66, for a total value of $232,540.62. Following the sale, the insider now owns 3,546 shares in the company, valued at approximately $683,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 29.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Stephens lowered Lancaster Colony from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $205.00 to $218.00 in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Lancaster Colony has an average rating of “Hold” and an average target price of $198.75.
View Our Latest Stock Report on LANC
Lancaster Colony Company Profile
Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.
Featured Articles
- Five stocks we like better than Lancaster Colony
- 5 discounted opportunities for dividend growth investors
- CVS Stock is Nearing a 52-Week Low, Better Buy Than Walgreens?
- How is Compound Interest Calculated?
- Did the Rally in Coca-Cola Company Stock Just Fizzle Out?
- What is a Secondary Public Offering? What Investors Need to Know
- Analyst Sentiment, Revenue Growth Will Lead AbbVie Stock Higher
Receive News & Ratings for Lancaster Colony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancaster Colony and related companies with MarketBeat.com's FREE daily email newsletter.