Lancaster Colony Corp (NASDAQ: LANC) has reported E.P.S. of $1.03 for its third fiscal quarter (ending March 31) versus $0.89 for the same period a year ago — an increase of 16%. However, this result fell short of the consensus estimate of $1.58 by $-0.55. For the latest four quarters through March 31, E.P.S. were $4.83 versus $4.77 for the same period a year ago — an increase of 1%.
Recent Price Action
Lancaster Colony Corp (NASDAQ: LANC) stock closed at $192.00 on 5/2/24 after a slight gain of 0.3%. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LANC is expected to continue to be a major Value Builder.
Lancaster Colony has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Lancaster Colony has a very low Appreciation Score of 11 but a good Power Rating of 76, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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