Lancaster Colony (NASDAQ:LANC – Get Free Report) posted its earnings results on Tuesday. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28, Zacks reports. Lancaster Colony had a return on equity of 19.01% and a net margin of 8.49%.
Lancaster Colony Stock Up 10.7 %
Shares of LANC stock traded up $17.76 during mid-day trading on Tuesday, hitting $184.26. 21,355 shares of the company’s stock were exchanged, compared to its average volume of 131,905. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 31.28 and a beta of 0.35. Lancaster Colony has a fifty-two week low of $163.20 and a fifty-two week high of $209.81. The stock has a 50-day simple moving average of $178.08 and a two-hundred day simple moving average of $181.01.
Lancaster Colony Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 5th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, December 5th. 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 2.06%. Lancaster Colony’s payout ratio is 65.74%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on LANC
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.
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