Lancaster Colony (LANC) Scheduled to Post Quarterly Earnings on Thursday

Lancaster Colony (NASDAQ:LANC) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Lancaster Colony to post earnings of $1.42 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Lancaster Colony (NASDAQ:LANC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.66 by $0.27. The company had revenue of $485.92 million during 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 Price Performance

Shares of LANC opened at $190.35 on Tuesday. Lancaster Colony has a 1-year low of $158.88 and a 1-year high of $220.65. The company has a market capitalization of $5.24 billion, a P/E ratio of 40.67 and a beta of 0.35. The firm’s 50 day simple moving average is $199.34 and its 200 day simple moving average is $181.96.

Lancaster Colony Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 7th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, March 6th. Lancaster Colony’s dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

Separately, Stephens cut shares of Lancaster Colony from an “overweight” rating to an “equal weight” rating and raised their price objective 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $198.75.

Insider Buying and Selling

In related news, insider Kristin Bird sold 1,207 shares of Lancaster Colony stock in a transaction on Friday, February 16th. The shares were sold at an average price of $192.66, for a total value of $232,540.62. Following the transaction, the insider now owns 3,546 shares in the company, valued at approximately $683,172.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 29.60% of the stock is owned by corporate insiders.

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.