Lancaster Colony (LANC) Projected to Post Quarterly Earnings on Tuesday

Lancaster Colony (NASDAQ:LANC) is projected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.94 per share and revenue of $495.43 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Lancaster Colony (NASDAQ:LANC) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.08). Lancaster Colony had a net margin of 8.49% and a return on equity of 19.01%. The company had revenue of $466.56 million during the quarter, compared to analysts’ expectations of $468.36 million. During the same period last year, the business earned $1.70 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts expect Lancaster Colony to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Lancaster Colony Stock Performance

Shares of NASDAQ LANC traded down $3.33 during midday trading on Tuesday, reaching $170.51. 52,188 shares of the company’s stock were exchanged, compared to its average volume of 130,666. Lancaster Colony has a 52-week low of $163.20 and a 52-week high of $215.31. The stock has a market capitalization of $4.70 billion, a PE ratio of 29.44 and a beta of 0.36. The business’s fifty day moving average price is $179.20 and its two-hundred day moving average price is $181.61.

Lancaster Colony Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 5th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Lancaster Colony’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, December 5th. Lancaster Colony’s payout ratio is presently 65.74%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LANC. Benchmark reaffirmed a “hold” rating on shares of Lancaster Colony in a research report on Tuesday, November 19th. Loop Capital decreased their target price on Lancaster Colony from $232.00 to $227.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Stephens reiterated an “equal weight” rating and set a $196.00 price objective on shares of Lancaster Colony in a research report on Tuesday, November 19th.

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.