Snyders-Lance (LNCE) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Snyders-Lance (NASDAQ:LNCE) issued its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03, StockRatingsNetwork reports. The company had revenue of $437.00 million for the quarter, compared to the consensus estimate of $436.30 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.
Snyders-Lance (NASDAQ:LNCE) traded up 0.52% during mid-day trading on Thursday, hitting $27.20. The stock had a trading volume of 7,735 shares. Snyders-Lance has a 1-year low of $24.96 and a 1-year high of $32.49. The stock has a 50-day moving average of $27.25 and a 200-day moving average of $27.65. The company has a market cap of $1.902 billion and a price-to-earnings ratio of 24.16.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Thursday, May 22nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.37%.
Snyder’s-Lance, Inc (NASDAQ:LNCE) is engaged in the manufacturing, distribution, marketing and sale of snack food products.
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