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

Lassonde Industries (TSE:LAS.A) posted its earnings results on Thursday. The company reported C$5.94 earnings per share (EPS) for the quarter, FiscalAI reports. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The company had revenue of C$713.34 million during the quarter.

Lassonde Industries Price Performance

TSE:LAS.A opened at C$254.00 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 firm has a market cap of C$1.73 billion, a price-to-earnings ratio of 11.22 and a beta of -0.07. The company has a 50 day moving average price of C$240.54 and a 200-day moving average price of C$228.59. 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

A number of equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group lowered their target price on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, National Bank Financial upped their target price on Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$279.75.

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.