Desjardins Lowers Earnings Estimates for Lassonde Industries

Lassonde Industries Inc (TSE:LAS) – Equities research analysts at Desjardins cut their Q4 2024 earnings per share estimates for shares of Lassonde Industries in a report released on Sunday, November 10th. Desjardins analyst F. Tremblay now anticipates that the company will earn $3.84 per share for the quarter, down from their prior forecast of $4.27.

Several other analysts also recently weighed in on LAS. National Bank Financial downgraded shares of Lassonde Industries from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Stifel Canada upgraded shares of Lassonde Industries to a “strong-buy” rating in a research note on Tuesday, October 22nd.

Lassonde Industries Stock Performance

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

Lassonde Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 20th. 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.