Snyder's-Lance, Inc. Reports Results for Third Quarter 2015
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Go back to Snyder's-Lance, Inc. Reports Results for Third Quarter 2015
October 29, 2015 7:30 AM EDT
SunTrust Robinson Humphrey upgraded Lance, Inc. (NASDAQ: LNCE) from Neutral to Buy with a price target of $45.00.
For an analyst ratings summary and ratings history on Lance, Inc. click here. For more ratings news on Lance, Inc. click here.
Shares of Lance, Inc. closed at $33.25 yesterday.
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October 28, 2015 6:27 AM EDT
Snyder's-Lance (NASDAQ: LNCE) reported Q3 EPS of $0.26, $0.08 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $416.8 million versus the consensus estimate of $435.4 million.
Snyder's-Lance sees FY2015 EPS of $1.07-$1.12, versus the consensus of $1.16. Snyder's-Lance sees FY2015 revenue of $1.68-1.70 billion,... More
October 28, 2015 6:08 AM EDT
Snyder's-Lance (NASDAQ: LNCE) and Diamond Foods, Inc. (NASDAQ: DMND) ("Diamond Foods" or "Diamond") today announced that they have entered into a definitive agreement under which Snyder's-Lance will acquire all outstanding shares of Diamond Foods in a cash and stock merger transaction for approximately $1.91 billion, including the assumption of approximately $640 million of indebtedness. Under the terms of the agreement, Diamond stockholders will receive 0.775 Snyder's-Lance shares and $12.50 in cash per Diamond Foods share upon closing of the transaction. The agreement has been approved by the Boards of Directors of both companies, who... More
