Lancaster Colony Corporation (NASDAQ:LANC) is set to announce fourth quarter earning results on Thursday 27th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LANC to report 4Q20 income of $ 0.96 per share.
For the full year, analysts anticipate top line of $ 1312.20 million, while looking forward to income of $ 5.36 per share bottom line.
Previous Quarter Performance
Lancaster Colony Corporation outlined income for the third quarter of $ 0.81 per share, from the revenue of $ 321.36 million. The quarterly earnings decreased 27.03 percent compared with the same quarter last year. Wall street analysts are predicting, LANC to report 3Q20 income of $ 1.08 per share from revenue of $ 319.55 million. The bottom line results missed street analysts by $ 0.27 or 25 percent, at the same time, top line results outshined analysts by $ 1.81 million or 0.57 percent.
Stock Performance
Shares of Lancaster Colony Corporation traded low $ -0.09 or -0.05 percent on Wednesday, reaching $ 169.11 with volume of 120.80 thousand shares. Lancaster Colony Corporation has traded high as $ 171.00 and has cracked $ 168.38 on the downward trend
The closing price of $ 169.11, representing a 47.71 % increase from the 52 week low of $ 114.55 and a 2.16 % decrease over the 52 week high of $ 172.93.
The company has a market capital of $ 4.65 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
On August 19, 2020, the board of directors authorized quarterly dividend of $ 0.70 per share to holders of record as of the close of business on September 9, 2020, with payment date of September 30, 2020 and ex-dividend date on September 8, 2020.
On May 20, 2020, the board of directors authorized quarterly dividend of $ 0.70 per share to holders of record as of the close of business on June 9, 2020, with payment date of June 30, 2020 and ex-dividend date on June 8, 2020.
Conference Call
Lancaster Colony Corporation will be hosting a conference call at 10:00 AM eastern time on 27th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lancastercolony.com
Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schuberts; frozen mini stuffed bagels under the Bantam Bagels; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardinis, and Girards; and vegetable and fruit dips under the Marzetti brand names.
