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

Lassonde Industries (TSE:LAS.A) posted its earnings results on Thursday. The company reported C$5.36 EPS for the quarter, FiscalAI reports. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%.The business had revenue of C$664.05 million for the quarter.

Lassonde Industries Stock Performance

Shares of LAS.A stock traded up C$1.19 during trading hours on Friday, reaching C$221.20. 289 shares of the company’s stock were exchanged, compared to its average volume of 2,104. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The company’s 50 day moving average is C$229.65 and its two-hundred day moving average is C$224.47. The company has a market cap of C$1.51 billion, a P/E ratio of 10.08 and a beta of -0.46. Lassonde Industries has a 1 year low of C$203.00 and a 1 year high of C$253.85.

Lassonde Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, February 20th. Lassonde Industries’s dividend payout ratio is 20.05%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LAS.A shares. Stifel Nicolaus raised their price target on Lassonde Industries from C$265.00 to C$280.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. National Bank Financial increased their price objective on Lassonde Industries from C$247.00 to C$258.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. Finally, Desjardins raised their target price on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$271.00.

Lassonde Industries Company Profile

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.