National Bank Financial Weighs in on Lassonde Industries Inc’s Q3 2024 Earnings (TSE:LAS)

Lassonde Industries Inc (TSE:LAS) – Equities researchers at National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for Lassonde Industries in a report issued on Tuesday, April 30th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $4.25 for the quarter, up from their previous forecast of $4.17. National Bank Financial also issued estimates for Lassonde Industries’ Q1 2025 earnings at $3.10 EPS, Q2 2025 earnings at $4.58 EPS, Q3 2025 earnings at $4.63 EPS, Q4 2025 earnings at $4.87 EPS and FY2025 earnings at $17.17 EPS.

Lassonde Industries Price Performance

Lassonde Industries has a 12 month low of C$209.50 and a 12 month high of C$269.18.

Lassonde Industries (TSE:LAS) last announced its quarterly earnings results on Thursday, March 21st. The company reported C$3.14 EPS for the quarter, missing analysts’ consensus estimates of C$3.35 by C($0.21). The firm had revenue of C$604.80 million for the quarter, compared to analysts’ expectations of C$603.05 million.

Lassonde Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a $1.00 dividend. This is an increase from Lassonde Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, February 23rd. This represents a $4.00 dividend on an annualized basis and a yield of ∞.

About Lassonde Industries

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.