Lassonde Industries (TSE:LAS.A) Posts Quarterly Earnings Results

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

Lassonde Industries Stock Down 8.7%

Shares of LAS.A stock traded down C$19.35 during trading hours on Thursday, reaching C$203.00. The company had a trading volume of 13,318 shares, compared to its average volume of 2,274. The stock’s fifty day simple moving average is C$227.81 and its 200 day simple moving average is C$222.21. The company has a market capitalization of C$1.38 billion, a P/E ratio of 11.27 and a beta of -0.63. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. Lassonde Industries has a twelve month low of C$192.67 and a twelve month high of C$253.85.

Lassonde Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, February 20th. Lassonde Industries’s dividend payout ratio (DPR) is 23.88%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their target price on Lassonde Industries from C$247.00 to C$258.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$254.50.

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.