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

Lassonde Industries (TSE:LAS.A) announced its earnings results on Thursday. The company reported C$7.52 earnings per share for the quarter, FiscalAI reports. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The firm had revenue of C$768.09 million during the quarter.

Lassonde Industries Price Performance

Shares of TSE:LAS.A opened at C$229.00 on Friday. The company has a market cap of C$1.56 billion, a P/E ratio of 12.72 and a beta of -0.63. The business has a fifty day simple moving average of C$227.47 and a 200-day simple moving average of C$222.20. Lassonde Industries has a 52 week low of C$192.67 and a 52 week high of C$253.85. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Lassonde Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were given 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 dividend yield of 2.2%. Lassonde Industries’s payout ratio is currently 23.88%.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their price target on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a research note 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.