Somewhat Positive Press Coverage Somewhat Unlikely to Impact Lancaster Colony (LANC) Share Price

News articles about Lancaster Colony (NASDAQ:LANC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lancaster Colony earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.988524407611 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Lancaster Colony (LANC) opened at $127.18 on Friday. The firm has a market capitalization of $3,493.44, a price-to-earnings ratio of 31.33 and a beta of 1.06. Lancaster Colony has a 52-week low of $113.33 and a 52-week high of $149.30.

Lancaster Colony (NASDAQ:LANC) last issued its earnings results on Thursday, October 26th. The company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.04). The firm had revenue of $298.92 million during the quarter, compared to analysts’ expectations of $298.75 million. Lancaster Colony had a return on equity of 21.50% and a net margin of 9.20%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.22 earnings per share. analysts predict that Lancaster Colony will post 4.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a $0.60 dividend. This is a positive change from Lancaster Colony’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 7th. Lancaster Colony’s dividend payout ratio (DPR) is 59.11%.

A number of research analysts have weighed in on LANC shares. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.67.

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Lancaster Colony Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

Insider Buying and Selling by Quarter for Lancaster Colony (NASDAQ:LANC)

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