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

Lassonde Industries (TSE:LAS.A) issued its earnings results on Thursday. The company reported C$5.36 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 company had revenue of C$664.05 million for the quarter.

Lassonde Industries Stock Up 0.9%

Shares of LAS.A stock opened at C$222.01 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. Lassonde Industries has a 12 month low of C$203.00 and a 12 month high of C$253.85. The stock has a market cap of C$1.51 billion, a P/E ratio of 10.12 and a beta of -0.46. The company has a 50 day simple moving average of C$229.65 and a two-hundred day simple moving average of C$224.47.

Lassonde Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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