Headlines about Snyder's-Lance (NASDAQ:LNCE) have been trending somewhat positive on Saturday, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Alpha One 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 coverage optimism score of 0.09 on Alpha One’s scale. Alpha One also assigned news articles about the company an impact score of 64 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Alpha One Sentiment’s rankings:
Shares of Snyder's-Lance (NASDAQ:LNCE) traded up 0.94% during midday trading on Friday, hitting $34.22. 964,433 shares of the stock were exchanged. The stock’s 50-day moving average price is $37.65 and its 200 day moving average price is $37.88. Snyder's-Lance has a one year low of $28.92 and a one year high of $40.85. The stock has a market cap of $3.30 billion, a P/E ratio of 216.58 and a beta of 0.63.
Snyder's-Lance (NASDAQ:LNCE) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. Snyder's-Lance had a net margin of 0.67% and a return on equity of 5.70%. The firm had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $635.89 million. During the same period in the prior year, the company posted $0.10 earnings per share. Snyder's-Lance’s quarterly revenue was up 60.8% compared to the same quarter last year. On average, analysts anticipate that Snyder's-Lance will post $1.10 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 18th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.87%. Snyder's-Lance’s dividend payout ratio (DPR) is 711.11%.
LNCE has been the subject of a number of research reports. Zacks Investment Research cut shares of Snyder's-Lance from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. BMO Capital Markets restated a “buy” rating on shares of Snyder's-Lance in a research report on Wednesday, February 8th. Deutsche Bank AG initiated coverage on shares of Snyder's-Lance in a research report on Wednesday, February 15th. They set a “buy” rating and a $43.00 target price for the company. Jefferies Group LLC restated a “buy” rating and set a $44.00 target price on shares of Snyder's-Lance in a research report on Wednesday, April 26th. Finally, SunTrust Banks, Inc. cut shares of Snyder's-Lance from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $30.00 in a research report on Monday, April 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Snyder's-Lance has an average rating of “Buy” and an average price target of $35.21.
In related news, Director Patricia A. Warehime purchased 14,000 shares of Snyder's-Lance stock in a transaction dated Thursday, February 16th. The stock was acquired at an average cost of $39.09 per share, with a total value of $547,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.60% of the stock is owned by corporate insiders.
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.