Snyder’s-Lance, Inc. (NASDAQ:LNCE) announced a quarterly dividend on Friday, November 3rd, RTT News reports. Investors of record on Monday, November 20th will be paid a dividend of 0.16 per share on Tuesday, November 28th. This represents a $0.64 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, November 17th.
Shares of Snyder’s-Lance (LNCE) opened at $35.48 on Friday. The company has a market cap of $3,457.70, a price-to-earnings ratio of 31.96 and a beta of 0.71. The company has a quick ratio of 0.92, a current ratio of 1.63 and a debt-to-equity ratio of 0.58. Snyder’s-Lance has a 1-year low of $31.03 and a 1-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 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $564.20 million during 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%. Snyder’s-Lance’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. analysts expect that Snyder’s-Lance will post 1.14 earnings per share for the current year.
LNCE has been the subject of several recent analyst reports. UBS AG reissued a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Snyder’s-Lance in a report on Tuesday, July 18th. Jefferies Group LLC set a $44.00 price target on shares of Snyder’s-Lance and gave the stock a “buy” rating in a report on Saturday, July 29th. Zacks Investment Research raised shares of Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $43.00 target price (up previously from $38.00) on shares of Snyder’s-Lance in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Snyder’s-Lance presently has a consensus rating of “Hold” and a consensus target price of $41.17.
In related news, Director Isaiah Tidwell sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total value of $56,025.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia A. Warehime acquired 21,263 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $37.25 per share, with a total value of $792,046.75. The disclosure for this purchase can be found here. 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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