Lancaster Colony (LANC) Given News Sentiment Score of 0.06
News articles about Lancaster Colony (NASDAQ:LANC) have trended somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lancaster Colony earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5998844482408 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Earnings summary – Sales boost for Cloetta; Mixed fortunes for Seneca; McCormick FY sales, profits up; Lancaster Colony’s garlic-bread woe (just-food.com)
- Production disruption bogs down sales at Lancaster Colony (foodbusinessnews.net)
- Earnings summary – McCormick FY sales, profits up; Lancaster Colony’s garlic-bread woe (just-food.com)
- Oversold Conditions For Lancaster Colony (LANC) (nasdaq.com)
- Marzetti dressing maker Lancaster Colony reports tax cut boosted earnings in recent quarter (dispatch.com)
LANC has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $154.67.
Lancaster Colony (NASDAQ:LANC) last announced its earnings results on Thursday, January 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.18). Lancaster Colony had a return on equity of 19.65% and a net margin of 9.84%. The business had revenue of $319.70 million for the quarter, compared to analysts’ expectations of $335.10 million. During the same period in the previous year, the company earned $1.42 earnings per share. Lancaster Colony’s quarterly revenue was down 2.2% on a year-over-year basis. analysts anticipate that Lancaster Colony will post 4.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a dividend of $0.60 per share. This is an increase from Lancaster Colony’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, December 7th. Lancaster Colony’s dividend payout ratio is presently 55.68%.
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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.
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