Somewhat Positive News Coverage Somewhat Unlikely to Affect Snyder’s-Lance (LNCE) Stock Price

News articles about Snyder’s-Lance (NASDAQ:LNCE) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 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 closest to one being the most favorable. Snyder’s-Lance earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9451069159448 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

LNCE has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and set a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a research note on Wednesday, August 9th. UBS reiterated a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a research note on Thursday, August 10th. Zacks Investment Research upgraded Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, October 18th. TheStreet cut Snyder’s-Lance from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks reiterated a “hold” rating and set a $35.00 price objective on shares of Snyder’s-Lance in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Snyder’s-Lance has an average rating of “Hold” and an average price target of $41.17.

Shares of Snyder’s-Lance (LNCE) traded down $0.32 during trading hours on Thursday, reaching $37.81. The company’s stock had a trading volume of 327,036 shares, compared to its average volume of 564,618. The stock has a market capitalization of $3,705.24, a PE ratio of 34.25 and a beta of 0.71. Snyder’s-Lance has a 1-year low of $31.03 and a 1-year high of $40.85. The company has a quick ratio of 0.99, a current ratio of 1.63 and a debt-to-equity ratio of 0.58.

Snyder’s-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Snyder’s-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The business had revenue of $564.20 million during the quarter, compared to analysts’ expectations of $559.86 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. sell-side analysts predict that Snyder’s-Lance will post 1.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Monday, November 20th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 17th. Snyder’s-Lance’s dividend payout ratio is currently -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.

Insider Buying and Selling by Quarter for Snyder`s-Lance (NASDAQ:LNCE)

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