Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Snyder’s-Lance (LNCE) Share Price
News stories about Snyder’s-Lance (NASDAQ:LNCE) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Snyder’s-Lance earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4564699061042 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Brokerages Expect Snyder’s-Lance, Inc. (LNCE) Will Announce Quarterly Sales of $552.81 Million (americanbankingnews.com)
- Bullish Two Hundred Day Moving Average Cross – LNCE (nasdaq.com)
- Snyder’s-Lance, Inc. : LNCE-US: Dividend Analysis : August 22nd, 2017 (record date) : By the numbers : September 19, 2017 (finance.yahoo.com)
- Snyder’s-Lance, Inc. (LNCE) Expected to Announce Earnings of $0.34 Per Share (americanbankingnews.com)
Snyder’s-Lance (NASDAQ:LNCE) opened at 36.65 on Friday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 99.59 and a beta of 0.71. Snyder’s-Lance has a 52 week low of $31.03 and a 52 week high of $40.85. The company’s 50-day moving average price is $36.34 and its 200-day moving average price is $36.72.
Snyder’s-Lance (NASDAQ:LNCE) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The company had revenue of $579.60 million for the quarter, compared to analysts’ expectations of $565.66 million. During the same period in the previous year, the firm posted $0.28 EPS. Snyder’s-Lance’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Snyder’s-Lance will post $1.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Tuesday, August 22nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, August 18th. Snyder’s-Lance’s payout ratio is 177.78%.
LNCE has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the stock a “buy” rating in a research note on Saturday, July 29th. BidaskClub lowered Snyder’s-Lance from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG reissued a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Snyder’s-Lance in a research note on Thursday, August 10th. Zacks Investment Research raised Snyder’s-Lance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $38.00 price target on shares of Snyder’s-Lance in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.80.
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In related news, Director Patricia A. Warehime bought 18,839 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $37.24 per share, for a total transaction of $701,564.36. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Isaiah Tidwell sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $37.35, for a total value of $56,025.00. The disclosure for this sale can be found here. Insiders own 13.70% of the company’s stock.
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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