Snyder's-Lance Inc (LNCE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Snyder's-Lance Inc (LNCE) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.28 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 $0.26. The company posted revenue of $609.50 million in the period, compared to analysts expectations of $619.90 million. The company’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Snyder's-Lance Inc. Company shares were Reiterated by Deutsche Bank on Aug 2, 2016 to “Hold”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Snyder's-Lance Inc was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 26, 2016.

Snyder's-Lance Inc closed down -0.05 points or -0.15% at $34.28 with 3,78,704 shares getting traded on Monday. Post opening the session at $34.33, the shares hit an intraday low of $33.93 and an intraday high of $34.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 14, 2016, Gail Sharps Myers (SVP, General Counsel & Sec) sold 200 shares at $32.08 per share price. According to the SEC, on Jun 1, 2016, Dan C Swander (director) sold 7,500 shares at $31.03 per share price. On Mar 17, 2016, Brian J Driscoll (director) sold 31,850 shares at $31.54 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 Tom’s Archway Jays Stella D’oro 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).

Snyder's-Lance Inc

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