Lancaster Colony Corporation (LANC)

NASDAQ: LANC · Real-Time Price · USD
185.98
-1.32 (-0.70%)
Dec 3, 2024, 12:06 PM EST - Market open
-0.70%
Market Cap 5.13B
Revenue (ttm) 1.88B
Net Income (ttm) 158.96M
Shares Out 27.57M
EPS (ttm) 5.79
PE Ratio 32.35
Forward PE 27.73
Dividend $3.60 (1.92%)
Ex-Dividend Date Sep 9, 2024
Volume 16,623
Open 187.86
Previous Close 187.30
Day's Range 185.84 - 188.47
52-Week Range 161.54 - 215.31
Beta 0.36
Analysts Hold
Price Target 202.75 (+9.02%)
Earnings Date Oct 31, 2024

About LANC

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert’s brand; salad dressings under the Marzetti, Cardini’s, Simply Dressed, and Girard’s brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York... [Read more]

Industry Packaged Foods
Founded 1961
Employees 3,400
Stock Exchange NASDAQ
Ticker Symbol LANC
Full Company Profile

Financial Performance

In 2024, Lancaster Colony's revenue was $1.87 billion, an increase of 2.70% compared to the previous year's $1.82 billion. Earnings were $158.20 million, an increase of 42.49%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for LANC stock is "Hold." The 12-month stock price forecast is $202.75, which is an increase of 9.02% from the latest price.

Price Target
$202.75
(9.02% upside)
Analyst Consensus: Hold
Stock Forecasts

News

14 Upcoming Dividend Increases, Including A King

Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend inc...

5 days ago - Seeking Alpha

Lancaster Colony to Acquire Sauce and Dressing Production Facility

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today their planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from W...

14 days ago - Business Wire

Lancaster Colony Increases Regular Cash Dividend; Reelects Three Incumbent Directors

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, marking...

26 days ago - Business Wire

Lancaster Colony Corporation (LANC) Q1 2025 Earnings Call Transcript

Lancaster Colony Corporation (NASDAQ:LANC) Q1 2025 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Dale Ganobsik - VP, Corporate Finance and IR David Ciesinski - President ...

4 weeks ago - Seeking Alpha

Lancaster Colony Reports First Quarter Sales and Earnings

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal first quarter ended September 30, 2024. Summary Consolidated net sales i...

4 weeks ago - Business Wire

Lancaster Colony to Webcast First Quarter Fiscal Year 2025 Conference Call

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its first quarter fiscal year 2025 financial results prior to the opening of the ma...

6 weeks ago - Business Wire

Undervalued Dividend Kings: October 2024

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank Dividend Kings by quality score and highlight undervalued stocks for pote...

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2 months ago - Seeking Alpha

I Have Soured On Lancaster Colony

Lancaster Colony Corporation saw a 12.3% drop in share price after disappointing financial results for the final quarter of 2024. Revenue fell short of analysts' expectations due to planned exits in p...

3 months ago - Seeking Alpha

Lancaster Colony Corporation (LANC) Q4 2024 Earnings Call Transcript

Lancaster Colony Corporation (NASDAQ:LANC) Q4 2024 Results Conference Call August 22, 2024 10:00 AM ET Company Participants Dale Ganobsik - VP, Corporate Finance and IR Dave Ciesinski - President and...

3 months ago - Seeking Alpha

Lancaster Colony Reports Fourth Quarter and Fiscal Year Results

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Summa...

3 months ago - Business Wire

T. Marzetti Company Launches Game-Changing New York Bakery Gluten Free Texas Toast

COLUMBUS, Ohio--(BUSINESS WIRE)--T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation (NASDAQ: LANC), is introducing its first-ever gluten-free line of New York Bakery frozen...

3 months ago - Business Wire

Lancaster Colony Continues Higher Cash Dividend; Board of Directors Sets Annual Meeting Date and Time

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable...

3 months ago - Business Wire

Lancaster Colony to Webcast Fourth Quarter and Fiscal Year 2024 Conference Call

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its fourth quarter and fiscal year 2024 financial results prior to the opening of t...

4 months ago - Business Wire

Lancaster Colony Continues Higher Cash Dividend

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable...

7 months ago - Business Wire

Lancaster Colony Corporation (LANC) Q3 2024 Earnings Call Transcript

Lancaster Colony Corporation (NASDAQ:LANC) Q3 2024 Earnings Call Transcript May 2, 2024 10:30 AM ET Company Participants Dale Ganobsik - Vice President, Corporate Finance & Investor Relations Dave Ci...

7 months ago - Seeking Alpha

Lancaster Colony Reports Third Quarter Sales and Earnings

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal third quarter ended March 31, 2024. Summary Consolidated net sales incre...

7 months ago - Business Wire

Lancaster Colony to Webcast Third Quarter Fiscal Year 2024 Conference Call

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its third quarter fiscal year 2024 financial results prior to the opening of the ma...

8 months ago - Business Wire

Subway® Canada and T. Marzetti Company Launch New Retail Sauces Inspired by Fan-Favourite Flavours

TORONTO--(BUSINESS WIRE)--Subway Canada is partnering with T. Marzetti Company to launch four new sauces at grocery retailers nationwide this month. The sauces will add an extra kick to Canadians' fav...

8 months ago - Business Wire

Lancaster: Keeping An Eye On The Promised Productive Improvement

Lancaster Colony Corporation is a specialty food products manufacturer and marketer with a strong presence in major restaurant chains. The company is focused on increasing its influence in the retail ...

10 months ago - Seeking Alpha

Lancaster Colony Corporation (LANC) Q2 2024 Earnings Call Transcript

Lancaster Colony Corporation (LANC) Q2 2024 Earnings Call Transcript

10 months ago - Seeking Alpha

Lancaster Colony Reports Second Quarter Sales and Earnings

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2023. Summary Consolidated net sales i...

10 months ago - Business Wire

Lancaster Colony to Webcast Second Quarter Fiscal Year 2024 Conference Call

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its second quarter fiscal year 2024 financial results prior to the opening of the m...

11 months ago - Business Wire

These Dividend Kings Have Raised Their Payouts for 60 Years or More.

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11 months ago - Barrons

January's 54 Dividend Kings: Buy 8, Watch 5

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1 year ago - Seeking Alpha

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1 year ago - Kiplinger