Somewhat Positive News Coverage Somewhat Unlikely to Impact Snyder’s-Lance (LNCE) Share Price

News coverage about Snyder’s-Lance (NASDAQ:LNCE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. 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 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.9826204713921 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Snyder’s-Lance (LNCE) traded up $0.53 during trading hours on Monday, hitting $38.97. 427,179 shares of the stock were exchanged, compared to its average volume of 563,647. The company has a market cap of $3,746.17, a P/E ratio of 34.63 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. 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 released its quarterly earnings data on Tuesday, November 7th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $564.20 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. equities research analysts predict that Snyder’s-Lance will post 1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Monday, November 20th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, November 17th. Snyder’s-Lance’s payout ratio is -123.08%.

A number of analysts have weighed in on LNCE shares. UBS reduced their price target on shares of Snyder’s-Lance from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. TheStreet downgraded shares of Snyder’s-Lance from a “b” rating to a “c+” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, October 18th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $35.00 price objective on shares of Snyder’s-Lance in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Snyder’s-Lance has a consensus rating of “Hold” and a consensus price target of $41.17.

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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.

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