Lassonde Industries (TSE:LAS.A) Issues Earnings Results

Lassonde Industries (TSE:LAS.A) issued its quarterly earnings data on Thursday. The company reported C$7.45 earnings per share (EPS) for the quarter, FiscalAI reports. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The business had revenue of C$737.69 million during the quarter.

Lassonde Industries Trading Up 1.0%

Shares of LAS.A stock opened at C$226.99 on Friday. The company has a 50 day moving average of C$216.84 and a 200-day moving average of C$223.09. Lassonde Industries has a 12-month low of C$202.51 and a 12-month high of C$253.85. The firm has a market cap of C$1.55 billion, a P/E ratio of 9.57 and a beta of -0.20. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Lassonde Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, May 20th. Lassonde Industries’s dividend payout ratio is currently 19.18%.

About Lassonde Industries

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.