Snyder's-Lance Inc (LNCE) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.23. The company posted revenue of $462.80 million in the period, compared to analysts expectations of $469.05 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Snyder's-Lance Inc. DA Davidson Initiated Snyder's-Lance Inc on Apr 27, 2016 to “Buy”, Price Target of the shares are set at $38.Deutsche Bank Resumed Snyder's-Lance Inc on Mar 3, 2016 to “Hold”, Price Target of the shares are set at $32.
Snyder's-Lance Inc opened for trading at $32.93 and hit $33.51 on the upside on Friday, eventually ending the session at $33.51, with a gain of 1.45% or 0.48 points. The heightened volatility saw the trading volume jump to 3,32,224 shares. Company has a market cap of $2,378 M.
In a different news, on Mar 17, 2016, Brian J Driscoll (director) sold 31,850 shares at $31.54 per share price. According to the SEC, on May 15, 2015, Margaret E Wicklund (VP, Controller, PAO, Asst Sec) sold 3,500 shares at $29.75 per share price. On Feb 26, 2015, Jeffrey A Atkins (director) sold 5,800 shares at $30.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Snyder’s-Lance Inc. is a national 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 nuts restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Company’s brands include core brands such as Snyder’s of Hanover Lance Cape Cod Snack Factory Pretzel Crisps and Late July and allied brands such as Toms Archway Jays Stella Doro EatSmart Krunchers! and O-Ke-Doke. The Company’s Clearview Foods division combines Snack Factory Pretzel Crisps Late July Organic Snacks and EatSmart brands. The Company also sells Partner brand products which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).