Snyder’s-Lance (LNCE) Getting Somewhat Favorable News Coverage, Study Shows
Headlines about Snyder’s-Lance (NASDAQ:LNCE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty 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 daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.0299257827393 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Interested In Snyder’s-Lance Inc (LNCE)’s Upcoming $0.16 Dividend? You Have 3 Days Left (finance.yahoo.com)
- Snyder’s-Lance, Inc. (LNCE) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Short Interest Falls 16.5% For LNCE (thestreet.com)
- SunTrust Banks, Inc. Reiterates “Hold” Rating for Snyder’s-Lance, Inc. (LNCE) (americanbankingnews.com)
- Q4 2017 EPS Estimates for Snyder’s-Lance, Inc. (LNCE) Increased by Analyst (americanbankingnews.com)
A number of research firms have commented on LNCE. TheStreet raised shares of Snyder’s-Lance from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. UBS AG decreased their target price on shares of Snyder’s-Lance from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. BidaskClub lowered shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $35.00 price target on shares of Snyder’s-Lance in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Snyder’s-Lance has an average rating of “Hold” and an average target price of $41.17.
Shares of Snyder’s-Lance (LNCE) opened at $35.35 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.63. The stock has a market cap of $3,433.34, a PE ratio of 31.74 and a beta of 0.71. Snyder’s-Lance has a one year low of $31.03 and a one year high of $40.85.
Snyder’s-Lance (NASDAQ:LNCE) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The business had revenue of $564.20 million for the quarter, compared to analysts’ expectations of $559.86 million. Snyder’s-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. sell-side analysts anticipate that Snyder’s-Lance will post 1.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.81%. Snyder’s-Lance’s dividend payout ratio (DPR) is presently -123.08%.
In related news, Director Isaiah Tidwell sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total transaction of $56,025.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.70% of the stock is owned by corporate insiders.
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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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