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

Lancaster Colony (NASDAQ:LANC) will likely be announcing 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 posted its quarterly earnings results on Thursday, October 31st. The company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.08). The company had revenue of $466.56 million during the quarter, compared to the consensus estimate of $468.36 million. Lancaster Colony had a net margin of 8.49% and a return on equity of 19.01%. Lancaster Colony’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. 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 trading on Tuesday, hitting $170.51. The company had a trading volume of 52,188 shares, compared to its average volume of 130,666. The business’s 50-day moving average is $179.20 and its 200 day moving average is $181.61. Lancaster Colony has a 52 week low of $163.20 and a 52 week high of $215.31. The company has a market cap of $4.70 billion, a P/E ratio of 29.44 and a beta of 0.36.

Lancaster Colony Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LANC shares. Stephens reissued an “equal weight” rating and set a $196.00 target price on shares of Lancaster Colony in a research note on Tuesday, November 19th. Benchmark restated a “hold” rating on shares of Lancaster Colony in a report on Tuesday, November 19th. Finally, Loop Capital lowered their price target on shares of Lancaster Colony from $232.00 to $227.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

About Lancaster Colony

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.