Somewhat Favorable News Coverage Somewhat Unlikely to Affect Snyder's-Lance (LNCE) Share Price

News articles about Snyder's-Lance (NASDAQ:LNCE) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Snyder's-Lance earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.7701027881403 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Snyder's-Lance (NASDAQ:LNCE) traded up $0.02 during trading hours on Friday, reaching $50.24. 928,323 shares of the company traded hands, compared to its average volume of 1,807,649. The firm has a market capitalization of $4,883.27, a PE ratio of -96.62 and a beta of 0.71. Snyder's-Lance has a 52-week low of $31.03 and a 52-week high of $50.43. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.

Snyder's-Lance (NASDAQ:LNCE) last issued its 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). The firm had revenue of $564.20 million during the quarter, compared to analyst estimates of $559.86 million. Snyder's-Lance had a negative net margin of 2.22% and a positive return on equity of 5.30%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. research analysts predict that Snyder's-Lance will post 1.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 20th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.64 annualized dividend and a yield of 1.27%. Snyder's-Lance’s dividend payout ratio (DPR) is -123.08%.

Several brokerages have recently issued reports on LNCE. SunTrust Banks increased their price target on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Snyder's-Lance from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets cut 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 report on Monday, December 18th. Deutsche Bank set a $50.00 target price on shares of Snyder's-Lance and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research cut shares of Snyder's-Lance from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Snyder's-Lance has a consensus rating of “Hold” and a consensus target price of $44.83.

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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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