News articles about Lancaster Colony Corporation (NASDAQ:LANC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lancaster Colony Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.4356975417235 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Lancaster Colony Corporation (NASDAQ:LANC) last announced its earnings results on Thursday, October 26th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.04). Lancaster Colony Corporation had a return on equity of 21.50% and a net margin of 9.20%. The business had revenue of $298.92 million for the quarter, compared to analyst estimates of $298.75 million. During the same quarter in the previous year, the company earned $1.22 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.
A number of research analysts have commented on LANC shares. BidaskClub upgraded shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Wedbush restated a “buy” rating on shares of Lancaster Colony Corporation in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Lancaster Colony Corporation currently has a consensus rating of “Hold” and a consensus price target of $154.67.
Lancaster Colony Corporation Company Profile
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.
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