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

Lassonde Industries (TSE:LAS.A) issued its quarterly earnings data on Thursday. The company reported C$7.52 earnings per share 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$768.09 million for the quarter.

Lassonde Industries Price Performance

Shares of Lassonde Industries stock opened at C$203.00 on Friday. 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 has a market cap of C$1.38 billion, a PE ratio of 11.27 and a beta of -0.63. The firm has a fifty day moving average price of C$227.38 and a two-hundred day moving average price of C$222.08. Lassonde Industries has a fifty-two week low of C$192.67 and a fifty-two week high of C$253.85.

Lassonde Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Lassonde Industries’s dividend payout ratio is 23.88%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial increased their price target 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$254.50.

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.