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

Lassonde Industries (TSE:LAS.A) posted its quarterly earnings data on Thursday. The company reported C$5.52 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$713.34 million during the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%.

Lassonde Industries Price Performance

Shares of TSE:LAS.A traded down C$2.19 during trading on Thursday, reaching C$254.00. The stock had a trading volume of 947 shares, compared to its average volume of 1,828. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The business has a fifty day moving average price of C$240.54 and a 200-day moving average price of C$228.59. The stock has a market cap of C$1.73 billion, a PE ratio of 11.22 and a beta of -0.07. Lassonde Industries has a 1-year low of C$202.51 and a 1-year high of C$272.98.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAS.A. Stifel Nicolaus lifted their target price on shares of Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canaccord Genuity Group reduced their price target on shares of Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, National Bank Financial upped their price target on shares of Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$279.75.

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.