Snyder's-Lance Inc (NASDAQ:LNCE) – Stock analysts at Jefferies Group issued their FY2021 earnings per share estimates for Snyder's-Lance in a research report issued on Tuesday. Jefferies Group analyst A. Jagdale anticipates that the company will post earnings per share of $2.26 for the year. Jefferies Group has a “Hold” rating and a $50.00 price target on the stock.
Snyder's-Lance (NASDAQ:LNCE) last announced 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). The company had revenue of $564.20 million during the quarter, compared to analysts’ expectations of $559.86 million. Snyder's-Lance had a negative net margin of 2.22% and a positive return on equity of 5.30%. Snyder's-Lance’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share.
Shares of Snyder's-Lance (LNCE) traded up $0.11 during midday trading on Thursday, hitting $50.01. The stock had a trading volume of 1,539,744 shares, compared to its average volume of 1,223,062. The stock has a market capitalization of $4,860.00, a PE ratio of -199.68, a PEG ratio of 3.28 and a beta of 0.64. Snyder's-Lance has a one year low of $31.03 and a one year high of $50.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.63.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 22nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.28%. Snyder's-Lance’s payout ratio is -256.00%.
Institutional investors have recently bought and sold shares of the stock. Olstein Capital Management L.P. bought a new stake in Snyder's-Lance during the third quarter worth about $1,367,000. Fisher Asset Management LLC lifted its stake in Snyder's-Lance by 8.1% during the third quarter. Fisher Asset Management LLC now owns 848,285 shares of the company’s stock worth $32,354,000 after purchasing an additional 63,839 shares during the last quarter. Royal Bank of Canada lifted its stake in Snyder's-Lance by 26.6% during the second quarter. Royal Bank of Canada now owns 412,875 shares of the company’s stock worth $14,293,000 after purchasing an additional 86,662 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Snyder's-Lance during the second quarter worth about $14,921,000. Finally, California Public Employees Retirement System lifted its stake in Snyder's-Lance by 1.8% during the second quarter. California Public Employees Retirement System now owns 172,105 shares of the company’s stock worth $5,958,000 after purchasing an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Jefferies Group Weighs in on Snyder's-Lance Inc’s FY2021 Earnings (LNCE)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/02/09/jefferies-group-weighs-in-on-snyders-lance-incs-fy2021-earnings-lnce.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.
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.