Lassonde Industries Inc (TSE:LAS.A) Plans $1.25 Quarterly Dividend

Lassonde Industries Inc (TSE:LAS.A) declared a quarterly dividend on Wednesday, May 20th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be given a dividend of 1.25 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, May 20th.

Lassonde Industries Stock Performance

TSE:LAS.A opened at C$221.77 on Thursday. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The firm has a 50-day moving average price of C$225.26 and a two-hundred day moving average price of C$224.70. Lassonde Industries has a twelve month low of C$202.51 and a twelve month high of C$253.85. The company has a market capitalization of C$1.51 billion, a P/E ratio of 9.35 and a beta of -0.46.

Lassonde Industries (TSE:LAS.A) last posted its earnings results on Thursday, May 7th. The company reported C$5.36 earnings per share for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The firm had revenue of C$664.05 million during the quarter. As a group, research analysts expect that Lassonde Industries will post 18.9924731 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LAS.A has been the topic of several analyst reports. Desjardins raised their price target on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Stifel Nicolaus raised their price target on shares of Lassonde Industries from C$265.00 to C$280.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Finally, National Bank Financial raised their price target on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$271.00.

Lassonde Industries Company Profile

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.