Brokers Issue Forecasts for Snyder’s-Lance, Inc.’s Q3 2017 Earnings (LNCE)

Snyder’s-Lance, Inc. (NASDAQ:LNCE) – Research analysts at SunTrust Banks dropped their Q3 2017 earnings per share estimates for shares of Snyder’s-Lance in a research note issued on Tuesday. SunTrust Banks analyst W. Chappell now forecasts that the firm will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.39.

Other research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “buy” rating on shares of Snyder’s-Lance in a research note on Wednesday. Zacks Investment Research upgraded shares of Snyder’s-Lance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $35.00 price objective on shares of Snyder’s-Lance in a research note on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Snyder’s-Lance currently has a consensus rating of “Buy” and an average target price of $33.85.

Earnings History and Estimates for Snyder`s-Lance (NASDAQ:LNCE)

TRADEMARK VIOLATION NOTICE: “Brokers Issue Forecasts for Snyder’s-Lance, Inc.’s Q3 2017 Earnings (LNCE)” was posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this report can be viewed at http://sleekmoney.com/brokers-issue-forecasts-for-snyders-lance-inc-s-q3-2017-earnings-lnce/1655745.html.

Shares of Snyder’s-Lance (NASDAQ:LNCE) opened at 39.19 on Thursday. The company has a 50-day moving average price of $38.36 and a 200-day moving average price of $36.28. The firm has a market capitalization of $3.77 billion, a P/E ratio of 109.78 and a beta of 0.63. Snyder’s-Lance has a 12-month low of $28.92 and a 12-month high of $39.74.

Several hedge funds have recently bought and sold shares of the company. King Luther Capital Management Corp bought a new stake in Snyder’s-Lance during the third quarter worth about $7,291,000. Bank of New York Mellon Corp increased its stake in Snyder’s-Lance by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 1,135,162 shares of the company’s stock worth $38,119,000 after buying an additional 60,794 shares in the last quarter. Fisher Asset Management LLC increased its stake in Snyder’s-Lance by 7.5% in the third quarter. Fisher Asset Management LLC now owns 406,649 shares of the company’s stock worth $13,655,000 after buying an additional 28,210 shares in the last quarter. American International Group Inc. increased its stake in Snyder’s-Lance by 5.7% in the third quarter. American International Group Inc. now owns 209,027 shares of the company’s stock worth $7,019,000 after buying an additional 11,220 shares in the last quarter. Finally, AMI Asset Management Corp increased its stake in Snyder’s-Lance by 17.9% in the third quarter. AMI Asset Management Corp now owns 381,240 shares of the company’s stock worth $12,802,000 after buying an additional 57,751 shares in the last quarter. 61.06% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Brokers Issue Forecasts for Snyder’s-Lance, Inc.’s Q3 2017 Earnings (LNCE)” was posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this report can be viewed at http://sleekmoney.com/brokers-issue-forecasts-for-snyders-lance-inc-s-q3-2017-earnings-lnce/1655745.html.

In other news, Director Brian J. Driscoll sold 5,000 shares of Snyder’s-Lance stock in a transaction on Monday, December 5th. The shares were sold at an average price of $36.25, for a total transaction of $181,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.60% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Thursday, February 23rd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. Snyder’s-Lance’s dividend payout ratio is currently 228.57%.

About Snyder’s-Lance

Snyder’s-Lance, Inc is a snack food company. The Company operates in the manufacturing, distribution, marketing and sale of snack food products segment. The Company’s products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks.

5 Day Chart for NASDAQ:LNCE

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/brokers-issue-forecasts-for-snyders-lance-inc-s-q3-2017-earnings-lnce/1655745.html

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *