Lancaster Colony Corporation (LANC) Earns Media Impact Rating of 0.20

Press coverage about Lancaster Colony Corporation (NASDAQ:LANC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lancaster Colony Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1725538047306 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several equities analysts have commented on LANC shares. Zacks Investment Research upgraded shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Wedbush reiterated a “buy” rating on shares of Lancaster Colony Corporation in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Lancaster Colony Corporation has a consensus rating of “Buy” and a consensus target price of $154.67.

Shares of Lancaster Colony Corporation (NASDAQ LANC) opened at $123.11 on Thursday. Lancaster Colony Corporation has a 12 month low of $113.33 and a 12 month high of $149.30. The firm has a market cap of $3,370.00, a price-to-earnings ratio of 27.42 and a beta of 1.04.

Lancaster Colony Corporation (NASDAQ:LANC) last announced its earnings results on Thursday, October 26th. The company reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). Lancaster Colony Corporation had a net margin of 9.20% and a return on equity of 21.50%. The firm had revenue of $298.92 million during the quarter, compared to analysts’ expectations of $298.75 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. analysts anticipate that Lancaster Colony Corporation will post 4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. This is an increase from Lancaster Colony Corporation’s previous quarterly dividend of $0.55. Lancaster Colony Corporation’s dividend payout ratio is currently 54.32%.

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Lancaster Colony Corporation 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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