Analysts expect Snyder's-Lance Inc (NASDAQ:LNCE) to report earnings per share of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Snyder's-Lance’s earnings, with estimates ranging from $0.41 to $0.42. Snyder's-Lance reported earnings per share of $0.38 during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The company is expected to report its next earnings results before the market opens on Wednesday, February 28th.
On average, analysts expect that Snyder's-Lance will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.16. For the next year, analysts expect that the company will post earnings of $1.27 per share, with EPS estimates ranging from $1.23 to $1.31. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Snyder's-Lance.
LNCE has been the topic of a number of recent research reports. Deutsche Bank set a $50.00 target price on Snyder's-Lance and gave the company a “buy” rating in a research report on Friday, December 15th. BMO Capital Markets lowered Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a research report on Monday, December 18th. BidaskClub upgraded Snyder's-Lance from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Jefferies Group downgraded Snyder's-Lance from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Tuesday, February 6th. Finally, UBS Group decreased their price target on Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.83.
Shares of Snyder's-Lance (NASDAQ:LNCE) traded down $0.06 during midday trading on Tuesday, reaching $49.86. The company had a trading volume of 774,701 shares, compared to its average volume of 1,151,651. The stock has a market capitalization of $4,906.40, a price-to-earnings ratio of -96.00, a P/E/G ratio of 3.27 and a beta of 0.64. Snyder's-Lance has a 52-week low of $31.03 and a 52-week high of $50.67. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 22nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 21st. Snyder's-Lance’s payout ratio is presently -123.08%.
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Snyder's-Lance Company Profile
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.
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