Last $87.81 USD
Change Today -0.59 / -0.67%
Volume 110.1K
LANC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

lancaster colony corp (LANC) Snapshot

Open
$88.25
Previous Close
$88.40
Day High
$88.25
Day Low
$86.82
52 Week High
03/31/14 - $99.73
52 Week Low
09/3/13 - $70.29
Market Cap
2.4B
Average Volume 10 Days
66.9K
EPS TTM
$3.80
Shares Outstanding
27.3M
EX-Date
09/5/14
P/E TM
23.1x
Dividend
$1.76
Dividend Yield
1.96%
Current Stock Chart for LANCASTER COLONY CORP (LANC)

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lancaster colony corp (LANC) Details

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company markets its products under its brand names or sells to an array of private-label customers. It offers dips, salad dressings, and croutons under the Marzetti name; frozen breads and croutons under the New York Brand name; and homemade rolls under the Sister Schubert’s name. The company also provides the Marzetti family of foodservice products in various convenient single-serve pouch and cup sizes, as well as bulk packaging for restaurant use. Lancaster Colony Corporation was founded in 1961 and is based in Columbus, Ohio.

lancaster colony corp (LANC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Vice President of Development and President o...
Total Annual Compensation: $472.4K
Compensation as of Fiscal Year 2013.

lancaster colony corp (LANC) Key Developments

Lancaster Colony Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2014; Provides Financial Guidance for the Fiscal 2015

Lancaster Colony Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, the company reported net sales of $258,808,000 compared to $245,190,000 a year ago. Operating income was $32,316,000 compared to $36,228,000 a year ago. Income continuing operations before income taxes was $32,156,000 compared to $36,129,000 a year ago. Net income was $21,327,000 or $0.76 per basic and diluted common share compared to $25,477,000 or $0.93 per basic and diluted common share a year ago. For the year, the company reported net sales of $1,041,075,000 compared to $1,013,803,000 a year ago. Operating income was $153,767,000 compared to $153,923,000 a year ago. Income continuing operations before income taxes was $153,279,000 compared to $153,818,000 a year ago. Net income was $74,986,000 or $3.69 per diluted common share compared to $109,249,000 or $3.79 per diluted common share a year ago. Capital expenditures were $16 million. Cash flows from operating activities was $129.1 million, which was just off from the $131.7 million for the prior year. For the fiscal 2015, the company expects capital expenditures to be $20 million. The company depreciation and amortization to decline slightly to approximately $19 million. The company expects effective tax rate to remain comparable to the fiscal 14 rate of approximately 34%.

Lancaster Colony Seeks Acquisitions

Lancaster Colony Corporation (NasdaqGS:LANC) is seeking acquisitions. Jay Gerlach, Chairman, President & Chief Executive Officer of Lancaster Colony, stated, “While we remain interested in growing via acquisition, we are finding limited opportunities for branded businesses with values that allow a reasonable return.” When asked about the use of cash on hand, he added, “We continue to think about all the alternatives for that. Again, our priority would be finding a good acquisition opportunity, but regular dividend, special dividend, share repurchases all get discussed routinely.”

Lancaster Colony Corporation Declares Quarterly Dividend, Payable on September 30, 2014

Lancaster Colony Corporation announced that its Board of Directors has declared a quarterly cash dividend of 44 cents per share on the company's common stock, payable September 30, 2014 to shareholders of record on September 9, 2014.

 

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LANC:US $87.81 USD -0.59

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Industry Analysis

LANC

Industry Average

Valuation LANC Industry Range
Price/Earnings 23.9x
Price/Sales 2.3x
Price/Book 4.6x
Price/Cash Flow 32.2x
TEV/Sales 2.1x
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