National Bank Financial Analysts Increase Earnings Estimates for Lassonde Industries Inc (TSE:LAS)

Lassonde Industries Inc (TSE:LAS) – Stock analysts at National Bank Financial lifted their Q3 2024 earnings per share estimates for Lassonde Industries in a research report issued on Sunday, March 24th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $4.17 for the quarter, up from their previous estimate of $3.89. National Bank Financial also issued estimates for Lassonde Industries’ Q4 2024 earnings at $4.44 EPS, Q1 2025 earnings at $2.96 EPS, Q2 2025 earnings at $4.21 EPS, Q3 2025 earnings at $4.54 EPS and Q4 2025 earnings at $4.84 EPS.

Lassonde Industries (TSE:LAS) last released its earnings results on Thursday, March 21st. The company reported C$3.14 earnings per share for the quarter, missing the consensus estimate of C$3.35 by C($0.21). The firm had revenue of C$604.80 million during the quarter, compared to analysts’ expectations of C$603.05 million.

Lassonde Industries Price Performance

Lassonde Industries has a one year low of C$209.50 and a one year high of C$269.18.

Lassonde Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of ∞. This is an increase from Lassonde Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, February 23rd.

About Lassonde Industries

Lassonde Industries Inc is a Canada-based company, which develops, manufactures and markets a range of ready-to-drink fruit and vegetable juices and drinks. The Company is a producer of store brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The Company operates in two market segments: the retail segment and the food service segment.