Lancaster Colony Corp. (LANC) reported quarterly earnings results on Thursday, Aug-18-2016. The company said it had a profit of $1.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.03. The company posted revenue of $284.50 million in the period, compared to analysts expectations of $291.80 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on Lancaster Colony Corp.. Company shares were Reiterated by DA Davidson on Aug 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 128 from a previous price target of $120 .
Lancaster Colony Corp. closed down -0.36 points or -0.28% at $126.16 with 1,84,720 shares getting traded on Wednesday. Post opening the session at $126.24, the shares hit an intraday low of $125.42 and an intraday high of $126.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Sep 4, 2015, Robert Paul Ostryniec (director) purchased 500 shares at $96.60 per share price.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products including salad dressings and sauces; fruit glazes vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts. The Company offers its products under Marzetti Cardini’s Simply Dressed Katherine’s Kitchen Girard’s Otria New York BRAND Mamma Bella and Mamma Bella’s Sister Schubert’s Marshall’s and Mary B’s Sister Schubert’s Marshall’s Mary B’s Reames Aunt Vi’s Texas Toast Chatham Village Flatout and Romanoff names.