Somewhat Positive Press Coverage Somewhat Unlikely to Impact Snyder's-Lance (LNCE) Stock Price

Headlines about Snyder's-Lance (NASDAQ:LNCE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, 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 46.2793880537835 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Snyder's-Lance stock opened at $49.98 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4,918.31, a price-to-earnings ratio of 33.32, a PEG ratio of 3.18 and a beta of 0.62. Snyder's-Lance has a 12 month low of $31.03 and a 12 month high of $50.67.

How to Become a New Pot Stock Millionaire

Snyder's-Lance (NASDAQ:LNCE) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $551.56 million for the quarter, compared to analysts’ expectations of $562.45 million. Snyder's-Lance had a net margin of 6.68% and a return on equity of 5.53%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. sell-side analysts anticipate that Snyder's-Lance will post 1.31 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 22nd were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 21st. Snyder's-Lance’s dividend payout ratio is presently 42.67%.

Several equities analysts recently weighed in on LNCE shares. BidaskClub upgraded shares of Snyder's-Lance from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America dropped their price objective on shares of Snyder's-Lance from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank set a $50.00 price objective on shares of Snyder's-Lance and gave the company a “buy” rating in a report on Friday, December 15th. SunTrust Banks increased their price target on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. Finally, BMO Capital Markets downgraded shares of Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a research note on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.86.

In related news, Director James W. Johnston sold 10,396 shares of Snyder's-Lance stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $49.99, for a total value of $519,696.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Johnston sold 75,836 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $49.99, for a total value of $3,791,041.64. The disclosure for this sale can be found here. 13.70% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact Snyder's-Lance (LNCE) Stock Price” was posted by BBNS and is owned by of BBNS. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://baseballnewssource.com/2018/03/30/snyders-lance-lnce-receives-news-impact-rating-of-0-12/2035676.html.

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)

Receive News & Ratings for Snyder's-Lance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snyder's-Lance and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.