Wall Street analysts expect that Snyder’s-Lance, Inc. (NASDAQ:LNCE) will report $564.12 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Snyder’s-Lance’s earnings. The lowest sales estimate is $557.96 million and the highest is $571.00 million. Snyder’s-Lance posted sales of $556.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 12th.

According to Zacks, analysts expect that Snyder’s-Lance will report full year sales of $564.12 million for the current year, with estimates ranging from $2.23 billion to $2.24 billion. For the next fiscal year, analysts expect that the company will report sales of $2.23 billion per share, with estimates ranging from $2.19 billion to $2.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Snyder’s-Lance.

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.

A number of analysts have weighed in on LNCE shares. UBS cut their price objective on shares of Snyder’s-Lance from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, October 18th. TheStreet cut shares of Snyder’s-Lance from a “b” rating to a “c+” rating in a report on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and set a $35.00 price objective on shares of Snyder’s-Lance in a report on Friday, November 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.17.

Shares of Snyder’s-Lance (NASDAQ LNCE) opened at $38.02 on Wednesday. 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 has a 1-year low of $31.03 and a 1-year high of $40.85. The firm has a market cap of $3,760.00, a P/E ratio of 34.68 and a beta of 0.71.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.68%. Snyder’s-Lance’s payout ratio is -256.00%.

Institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP acquired a new position in shares of Snyder’s-Lance in the 2nd quarter valued at $103,000. PNC Financial Services Group Inc. increased its holdings in shares of Snyder’s-Lance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after acquiring an additional 465 shares during the period. Creative Planning increased its holdings in shares of Snyder’s-Lance by 68.7% in the 2nd quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after acquiring an additional 1,663 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Snyder’s-Lance by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after acquiring an additional 214 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Snyder’s-Lance by 12.7% in the 2nd quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after acquiring an additional 513 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

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

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