Lassonde Industries (TSE:LAS) Lifted to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Lassonde Industries (TSE:LAS) to a strong-buy rating in a report issued on Tuesday, Zacks.com reports. Stifel Canada also issued estimates for Lassonde Industries’ Q3 2024 earnings at $3.92 EPS, Q4 2024 earnings at $3.80 EPS, FY2024 earnings at $17.13 EPS and FY2025 earnings at $20.80 EPS.

Lassonde Industries Stock Performance

Lassonde Industries has a twelve month low of C$209.50 and a twelve month high of C$269.18.

Lassonde Industries (TSE:LAS) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$5.73 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.77 by C$1.96. The company had revenue of C$624.70 million for the quarter, compared to the consensus estimate of C$599.15 million.

Lassonde Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Tuesday, August 20th.

Lassonde Industries Company Profile

Lassonde Industries Inc is a Canada-based company, which develops, manufactures and markets a range of ready-to-drink fruit and vegetable juices and drinks. The Company is a producer of store brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The Company operates in two market segments: the retail segment and the food service segment.