News coverage about Snyder's-Lance (NASDAQ:LNCE) has trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Snyder's-Lance earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8214083712596 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Snyder's-Lance Inc (LNCE) Director Sells $3,791,041.64 in Stock (americanbankingnews.com)
- Snyder's-Lance Inc (LNCE) Director James W. Johnston Sells 10,396 Shares (americanbankingnews.com)
- Snyder's-Lance (LNCE) Raised to “Hold” at BidaskClub (americanbankingnews.com)
- BidaskClub Lowers Snyder's-Lance (LNCE) to Strong Sell (americanbankingnews.com)
- Contrasting Snyder's-Lance (LNCE) & The Competition (americanbankingnews.com)
A number of equities analysts have recently issued reports on LNCE shares. Deutsche Bank set a $50.00 price target on shares of Snyder's-Lance and gave the company a “buy” rating in a report on Friday, December 15th. BMO Capital Markets downgraded shares of Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a report on Monday, December 18th. BidaskClub cut shares of Snyder's-Lance from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Jefferies Group cut shares of Snyder's-Lance from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, February 6th. Finally, SunTrust Banks increased their price objective on shares of Snyder's-Lance to $50.00 and gave the company a “hold” rating in a research note on Tuesday, December 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Snyder's-Lance has an average rating of “Hold” and a consensus price target of $47.00.
Snyder's-Lance (NASDAQ:LNCE) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.07). The business had revenue of $551.56 million during the quarter, compared to analyst estimates of $562.45 million. Snyder's-Lance had a net margin of 6.68% and a return on equity of 5.53%. Snyder's-Lance’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. analysts predict that Snyder's-Lance will post 1.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 22nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. Snyder's-Lance’s payout ratio is 42.67%.
In related news, Director James W. Johnston sold 75,836 shares of the stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $49.99, for a total value of $3,791,041.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James W. Johnston sold 10,396 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $49.99, for a total transaction of $519,696.04. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by corporate insiders.
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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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