Revenue Update on Lancaster Colony Corp.(NASDAQ:LANC)

Lancaster Colony Corp.(NASDAQ:LANC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $284.49M. Analysts estimated a revenue of $291.72M. Earnings per share were $1.12. Analysts had estimated an EPS of $1.03.

Lancaster Colony Corp. (LANC) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -0.05% at a volume of 1,06,246. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $134.75. The peak price level was also seen at $134.75 while the days lowest was $133.2001. Finally the shares closed at $133.87. The 52-week high of the shares is $137.71 while the 52-week low is $92.15. According to the latest information available, the market cap of the company is $3,671 M.

Lancaster Colony Corp. has also declared a cash dividend of $0.5000 on Aug 17, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On Sep 4, 2015, Robert Paul Ostryniec (director) purchased 500 shares at $96.60 per share price.

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products including salad dressings and sauces; fruit glazes vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts. The Company offers its products under Marzetti Cardini’s Simply Dressed Katherine’s Kitchen Girard’s Otria New York BRAND Mamma Bella and Mamma Bella’s Sister Schubert’s Marshall’s and Mary B’s Sister Schubert’s Marshall’s Mary B’s Reames Aunt Vi’s Texas Toast Chatham Village Flatout and Romanoff names.

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