Lancaster Colony Corp reports results for the quarter ended March 31 - Earnings Summary

• Lancaster Colony Corp LANC.OQ reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of seven analysts for the quarter was for earnings of $1.59 per share. Wall Street expected results to range from $1.52 to $1.65 per share.

• Revenue fell 2.9% to $457.84 million from a year ago; analysts expected $483.92 million.

• Lancaster Colony Corp's reported EPS for the quarter was $1.49​.

• The company reported quarterly net income of $41.12 million.

• Lancaster Colony Corp shares had risen by 10.2% this quarter and gained 11.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "hold"

• Wall Street's median 12-month price target for Lancaster Colony Corp is $195.50

This summary was machine generated from LSEG data April 30 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)