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

Lassonde Industries (TSE:LAS.A) released its quarterly earnings data on Thursday. The company reported C$7.45 EPS for the quarter, FiscalAI reports. The company had revenue of C$737.69 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 Lassonde Industries stock traded up C$3.01 on Friday, hitting C$230.00. 2,519 shares of the company traded hands, compared to its average volume of 1,814. The firm’s 50-day simple moving average is C$217.02 and its 200 day simple moving average is C$223.13. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The company has a market cap of C$1.57 billion, a P/E ratio of 9.70 and a beta of -0.20. Lassonde Industries has a 12-month low of C$202.51 and a 12-month high of C$253.85.

Lassonde Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Lassonde Industries’s dividend payout ratio is presently 19.18%.

About Lassonde Industries

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.