About Lancaster Colony Corporation (NASDAQ:LANC)
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. Its brands include Marzetti, Marzetti Simply Dressed, Cardini's, Girard's, Katherine's Kitchen, New York BRAND Bakery, Mamma Bella's, Sister Schubert's, Mary B's, Inn Maid, Amish Kitchen, Reames, Aunt Vi's, Flatout and Romanoff. It manufactures and sells other products pursuant to brand license agreements, including Olive Garden dressing, Jack Daniel's mustards and Hungry Girl flatbreads. A portion of its sales are dressing packets, frozen specialty noodles, pasta and flatbreads sold to industrial customers for use as ingredients or components in their products.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Food Ingredients
- Sub-Industry: Packaged Foods & Meats
- Symbol: NASDAQ:LANC
- CUSIP: 51384710
- Web: www.lancastercolony.com
- Market Cap: $3.28 billion
- Outstanding Shares: 27,443,000
- 50 Day Moving Avg: $119.51
- 200 Day Moving Avg: $122.72
- 52 Week Range: $113.33 - $149.30
Sales & Book Value:
- Trailing P/E Ratio: 28.47
- Foreward P/E Ratio: 23.22
- P/E Growth: 8.44
- Annual Revenue: $1.2 billion
- Price / Sales: 2.73
- Book Value: $20.98 per share
- Price / Book: 5.70
- Annual Dividend: $2.20
- Dividend Yield: 1.9%
- EBITDA: $218.45 million
- Net Margins: 9.59%
- Return on Equity: 22.76%
- Return on Assets: 18.15%
- Current Ratio: 3.93%
- Quick Ratio: 2.93%
- Average Volume: 126,275 shs.
- Beta: 1.03
- Short Ratio: 2.86
Frequently Asked Questions for Lancaster Colony Corporation (NASDAQ:LANC)
What is Lancaster Colony Corporation's stock symbol?
Lancaster Colony Corporation trades on the NASDAQ under the ticker symbol "LANC."
How often does Lancaster Colony Corporation pay dividends? What is the dividend yield for Lancaster Colony Corporation?
Lancaster Colony Corporation announced a quarterly dividend on Wednesday, August 16th. Investors of record on Friday, September 8th will be paid a dividend of $0.55 per share on Friday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 7th. View Lancaster Colony Corporation's Dividend History.
How were Lancaster Colony Corporation's earnings last quarter?
Lancaster Colony Corporation (NASDAQ:LANC) announced its quarterly earnings data on Thursday, August, 17th. The company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.12 by $0.08. The business had revenue of $289.90 million for the quarter, compared to analysts' expectations of $295.05 million. Lancaster Colony Corporation had a net margin of 9.59% and a return on equity of 22.76%. Lancaster Colony Corporation's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. View Lancaster Colony Corporation's Earnings History.
When will Lancaster Colony Corporation make its next earnings announcement?
Where is Lancaster Colony Corporation's stock going? Where will Lancaster Colony Corporation's stock price be in 2017?
5 equities research analysts have issued 1-year price targets for Lancaster Colony Corporation's stock. Their predictions range from $146.00 to $160.00. On average, they expect Lancaster Colony Corporation's stock price to reach $154.67 in the next year. View Analyst Ratings for Lancaster Colony Corporation.
What are analysts saying about Lancaster Colony Corporation stock?
Here are some recent quotes from research analysts about Lancaster Colony Corporation stock:
- 1. According to Zacks Investment Research, "Lancaster Colony Corp. manufactures and markets three families of products: Glassware and Candles; Specialty Foods; and Automotive. Consumer glassware includes a diverse line of decorative and ornamental products such as tumblers, bowls, pitchers, jars and barware. The food products manufactured and sold include salad dressings and sauces; fruit glazes, veggie dips and fruit dips; frozen unbaked pies. It also manufactures and sells a complete line of rubber, vinyl and carpeted car mats both in the aftermarket and to original equipment manufacturers. " (7/5/2017)
- 2. Wedbush analysts commented, "The Wedbush View: We expect a combination of sustained organic retail sales growth outperformance, strategic acquisitions, and foodservice reacceleration to sustain best-in-class returns on capital and drive EPS and FCF growth ahead of expectations. EPS below expectations on SG&A investments and gross margin headwinds, despite top line outperformance. Adj. EPS of $0.95 was below $1.07 cons., on revenue of $294M vs. our $290M expectation and consensus for $287M. Higher SG&A drove $0.06 of the shortfall vs. our model, with gross margin compression on lower flow-through from reduced foodservice pricing accounting for the rest." (4/24/2017)
Who are some of Lancaster Colony Corporation's key competitors?
Some companies that are related to Lancaster Colony Corporation include Service Corporation International (SCI), Spectrum Brands Holdings (SPB), Glanbia Plc ADR (GLAPY), Blue Buffalo Pet Products (BUFF), Post Holdings (POST), Compania Cervecerias Unidas, S.A. (CCU), Coca-Cola Amatil (CCLAY), National Beverage Corp. (FIZZ), Flowers Foods (FLO), The Hain Celestial Group (HAIN), Tate & Lyle PLC (TATYY), Treehouse Foods (THS), 51job (JOBS), Energizer Holdings (EPC), Snyder's-Lance (LNCE), Sanderson Farms (SAFM), Nu Skin Enterprises (NUS) and HRG Group (HRG).
Who are Lancaster Colony Corporation's key executives?
Lancaster Colony Corporation's management team includes the folowing people:
- John B. Gerlach Jr., Executive Chairman of the Board
- David A. Ciesinski, President, , Chief Compliance Officer, Director
- Douglas A. Fell, Chief Financial Officer, Vice President, Treasurer, Assistant Secretary
- James B. Bachmann, Lead Independent Director
- Neeli Bendapudi, Independent Director
- William H. Carter, Independent Director
- Kenneth L. Cooke, Independent Director
- Robert L. Fox, Independent Director
Who owns Lancaster Colony Corporation stock?
Lancaster Colony Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.53%), Assenagon Asset Management S.A. (0.10%), Shell Asset Management Co. (0.05%), Park National Corp OH (0.05%) and State Treasurer State of Michigan (0.03%). View Institutional Ownership Trends for Lancaster Colony Corporation.
Who sold Lancaster Colony Corporation stock? Who is selling Lancaster Colony Corporation stock?
Who bought Lancaster Colony Corporation stock? Who is buying Lancaster Colony Corporation stock?
How do I buy Lancaster Colony Corporation stock?
Shares of Lancaster Colony Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lancaster Colony Corporation's stock price today?
MarketBeat Community Rating for Lancaster Colony Corporation (NASDAQ LANC)MarketBeat's community ratings are surveys of what our community members think about Lancaster Colony Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Lancaster Colony Corporation stock can currently be purchased for approximately $119.58.
Consensus Ratings for Lancaster Colony Corporation (NASDAQ:LANC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$154.67 (29.34% upside)|Consensus Price Target History for Lancaster Colony Corporation (NASDAQ:LANC)
Analysts' Ratings History for Lancaster Colony Corporation (NASDAQ:LANC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/30/2017||Vertical Group||Upgrade||Hold -> Buy||$123.00 -> $146.00||Low|
|5/26/2017||Vertical Research||Upgrade||Hold -> Buy||High|
|1/30/2017||CL King||Initiated Coverage||Buy||$158.00||N/A|
|11/4/2016||Longbow Research||Initiated Coverage||Neutral||N/A|
|8/8/2016||DA Davidson||Boost Price Target||Neutral||$120.00 -> $128.00||N/A|
|5/9/2016||BB&T Corporation||Downgrade||Buy -> Hold||N/A|
Earnings History for Lancaster Colony Corporation (NASDAQ:LANC)Earnings History by Quarter for Lancaster Colony Corporation (NASDAQ LANC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/17/2017||Q4 2017||$1.12||$1.04||$295.05 million||$289.90 million||View||N/A|
|4/27/2017||Q3 2017||$1.09||$0.95||$286.37 million||$293.83 million||View||N/A|
|1/26/2017||Q217||$1.36||$1.42||$329.66 million||$326.80 million||View||N/A|
|10/27/2016||Q117||$1.12||$1.22||$304.30 million||$294.10 million||View||Listen|
|8/18/2016||Q416||$1.03||$1.12||$291.72 million||$284.50 million||View||Listen|
|4/28/2016||Q316||$0.83||$1.06||$278.49 million||$287.80 million||View||Listen|
|1/28/2016||Q216||$1.35||$1.25||$332.20 million||$324.30 million||View||Listen|
|10/29/2015||Q116||$0.91||$1.01||$278.70 million||$294.10 million||View||Listen|
|8/20/2015||Q415||$0.85||$0.93||$275.52 million||$277.70 million||View||Listen|
|4/30/2015||Q315||$0.74||$0.75||$256.50 million||$263.40 million||View||Listen|
|1/29/2015||Q215||$1.28||$1.20||$300.50 million||$303.40 million||View||Listen|
|10/30/2014||Q115||$0.83||$0.83||$259.00 million||$260.00 million||View||Listen|
|8/21/2014||Q414||$0.99||$0.76||$257.00 million||$259.00 million||View||Listen|
|5/1/2014||Q314||$0.84||$0.69||$250.33 million||$242.00 million||View||Listen|
|1/31/2014||Q214||$1.22||$1.44||$326.43 million||$336.00 million||View||Listen|
|10/31/2013||Q114||$0.94||$0.91||$282.93 million||$286.00 million||View||Listen|
|8/22/2013||Q4 2013||$0.94||$0.93||$282.93 million||$269.00 million||View||Listen|
|4/25/2013||Q3 2013||$0.81||$0.80||$279.50 million||$279.51 million||View||Listen|
|1/31/2013||Q2 2013||$1.25||$1.28||$329.77 million||$326.00 million||View||Listen|
|8/23/2012||Q412||$0.79||$0.95||$263.07 million||$274.00 million||View||N/A|
Earnings Estimates for Lancaster Colony Corporation (NASDAQ:LANC)
2017 EPS Consensus Estimate: $4.71
2018 EPS Consensus Estimate: $4.71
2019 EPS Consensus Estimate: $4.91
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Lancaster Colony Corporation (NASDAQ:LANC)
|Most Recent Dividend:||9/29/2017|
|Dividend Growth:||-1.50% (3 Year Average)|
|Payout Ratio:||52.26% (Trailing 12 Months of Earnings) |
46.81% (Based on This Year's Estimates)
42.72% (Based on Next Year's Estimates)
|Track Record:||54 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Lancaster Colony Corporation (NASDAQ LANC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Lancaster Colony Corporation (NASDAQ:LANC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Lancaster Colony Corporation (NASDAQ:LANC)
Latest Headlines for Lancaster Colony Corporation (NASDAQ:LANC)
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Lancaster Colony Corporation (LANC) Chart for Monday, October, 23, 2017