Desjardins Comments on Lassonde Industries Inc’s FY2019 Earnings (LAS)

Lassonde Industries Inc (TSE:LAS) – Research analysts at Desjardins increased their FY2019 EPS estimates for shares of Lassonde Industries in a research report issued to clients and investors on Monday, May 13th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings per share of $10.22 for the year, up from their prior forecast of $9.98. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Lassonde Industries’ FY2020 earnings at $11.78 EPS.

Lassonde Industries has a 1-year low of C$209.50 and a 1-year high of C$269.18.

Lassonde Industries (TSE:LAS) last released its quarterly earnings results on Friday, March 29th. The company reported C$2.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.14 by C$0.12. The firm had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$425.00 million.

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.

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