Headlines about Snyder's-Lance (NASDAQ:LNCE) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Snyder's-Lance earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.953531769647 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Snyder’s-Lance, Inc. (LNCE) crosses 200-SMA up 33.11% – The Stocks News (press release) (thestocksnews.com)
- Sale to Campbell Soup second attempt at deal for Snyder’s-Lance – Charlotte Business Journal (bizjournals.com)
- Snyder’s-Lance, Inc., (NASDAQ: LNCE) – Hot Stock That Must Be in Your Portfolio – Stock Watch (stocksnewstimes.com)
- Snyder's-Lance Inc (LNCE) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities analysts recently issued reports on LNCE shares. Zacks Investment Research upgraded shares of Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, October 18th. UBS Group lowered their price objective on shares of Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. TheStreet cut shares of Snyder's-Lance from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. SunTrust Banks reiterated a “hold” rating and set a $35.00 price objective on shares of Snyder's-Lance in a research report on Friday, November 10th. Finally, Deutsche Bank set a $50.00 price objective on shares of Snyder's-Lance and gave the stock a “buy” rating in a research report on Friday, December 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.83.
Snyder's-Lance (NASDAQ:LNCE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Snyder's-Lance had a negative net margin of 2.22% and a positive return on equity of 5.30%. The business had revenue of $564.20 million during the quarter, compared to analyst estimates of $559.86 million. During the same quarter last year, the company posted $0.35 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. analysts expect that Snyder's-Lance will post 1.15 EPS for the current year.
Snyder’s-Lance, Inc is a snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, restaurant style crackers, popcorn, nuts and other salty snacks.
Receive News & Ratings for Snyder's-Lance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snyder's-Lance and related companies with MarketBeat.com's FREE daily email newsletter.