Must-See Earnings Estimates for: Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC)

0
300

Earnings results for Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC)

Lancaster Colony Corporation is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. The reported EPS for the same quarter last year was $1.09.

Analyst Opinion on Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC)

3 Wall Street analysts have issued ratings and price targets for Lancaster Colony in the last 12 months. Their average twelve-month price target is $157.00, predicting that the stock has a possible downside of 7.16%. The high price target for LANC is $160.00 and the low price target for LANC is $154.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Lancaster Colony has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $157.00, Lancaster Colony has a forecasted downside of 7.2% from its current price of $169.11. Lancaster Colony has received no research coverage in the past 90 days.

Dividend Strength: Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC)

Lancaster Colony pays a meaningful dividend of 1.65%, higher than the bottom 25% of all stocks that pay dividends. Lancaster Colony has been increasing its dividend for 25 years.

Insiders buying/selling: Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC)

In the past three months, Lancaster Colony insiders have not sold or bought any company stock. Only 31.70% of the stock of Lancaster Colony is held by insiders. 55.39% of the stock of Lancaster Colony is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lancaster Colony Stock Forecast, Price & News (NASDAQ:LANC

The P/E ratio of Lancaster Colony is 33.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of Lancaster Colony is 33.36, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.47. Lancaster Colony has a P/B Ratio of 6.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

More latest stories: here