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

Lassonde Industries Inc (TSE:LAS) – Research analysts at National Bank Financial lowered their Q1 2024 EPS estimates for shares of Lassonde Industries in a report released on Sunday, March 24th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $2.58 per share for the quarter, down from their prior forecast of $2.96. National Bank Financial also issued estimates for Lassonde Industries’ Q2 2024 earnings at $3.74 EPS, FY2024 earnings at $14.93 EPS and FY2025 earnings at $16.55 EPS.

Lassonde Industries (TSE:LAS) last issued its quarterly earnings data on Thursday, March 21st. The company reported C$3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$3.35 by C($0.21). The business had revenue of C$604.80 million for the quarter, compared to analyst estimates of C$603.05 million.

Lassonde Industries Stock Performance

Lassonde Industries has a 52-week low of C$209.50 and a 52-week high of C$269.18.

Lassonde Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Lassonde Industries’s previous quarterly dividend of $0.50. This represents a $4.00 annualized dividend and a dividend yield of ∞.

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.