Shares of Lancaster Colony Corp. (NASDAQ:LANC) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus target price of $116.00 for the company and are forecasting that the company will post $1.33 EPS for the current quarter, according to Zacks. Zacks has also given Lancaster Colony Corp. an industry rank of 141 out of 265 based on the ratings given to its competitors.
Lancaster Colony Corp. (NASDAQ:LANC) opened at 113.17 on Monday. The stock has a 50 day moving average of $113.58 and a 200 day moving average of $101.27. Lancaster Colony Corp. has a 52-week low of $86.85 and a 52-week high of $118.74. The stock has a market capitalization of $3.10 billion and a P/E ratio of 29.04.
Lancaster Colony Corp. (NASDAQ:LANC) last issued its earnings results on Thursday, October 29th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.10. The firm earned $294.10 million during the quarter, compared to analyst estimates of $278.70 million. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, equities research analysts forecast that Lancaster Colony Corp. will post $4.20 EPS for the current year.
The business also recently declared a special dividend, which was paid on Thursday, December 31st. Investors of record on Wednesday, December 9th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, December 7th. This represents a yield of 1.76%. This is a positive change from Lancaster Colony Corp.’s previous special dividend of $0.46.
Separately, Wedbush boosted their target price on shares of Lancaster Colony Corp. from $93.00 to $106.00 in a research note on Friday, October 30th.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products, including salad dressings and sauces; fruit glazes, vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts. The Company offers its products under Marzetti, Cardini’s, Simply Dressed, Katherine’s Kitchen, Girard’s, Otria, New York BRAND, Mamma Bella and Mamma Bella’s, Sister Schubert’s, Marshall’s and Mary B’s, Sister Schubert’s, Marshall’s, Mary B’s, Reames, Aunt Vi’s, Texas Toast, Chatham Village, Flatout and Romanoff names.
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