Equities analysts expect that Landec Corporation (NASDAQ:LNDC) will report earnings of $0.25 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Landec’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.28. Landec posted earnings per share of $0.13 during the same quarter last year, which would indicate a positive year over year growth rate of 92.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 3rd.
On average, analysts expect that Landec will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.52. For the next financial year, analysts expect that the company will report earnings of $0.75 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Landec.
Landec (NASDAQ:LNDC) last released its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $136.50 million during the quarter, compared to the consensus estimate of $135.82 million. Landec had a return on equity of 3.77% and a net margin of 1.64%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share.
Several research firms recently weighed in on LNDC. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Wednesday. Sidoti began coverage on shares of Landec in a report on Wednesday, December 13th. They issued a “buy” rating for the company. BidaskClub downgraded shares of Landec from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of Landec in a report on Wednesday, November 29th. Finally, Wedbush reiterated a “hold” rating and issued a $13.00 target price on shares of Landec in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.33.
In other Landec news, CEO Molly Hemmeter sold 7,399 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $13.06, for a total value of $96,630.94. Following the completion of the transaction, the chief executive officer now directly owns 53,017 shares in the company, valued at $692,402.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.62% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Landec by 489.6% during the second quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 8,171 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Landec by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 209,579 shares of the basic materials company’s stock valued at $3,113,000 after acquiring an additional 37,603 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Landec during the third quarter valued at about $281,000. Foundry Partners LLC increased its holdings in shares of Landec by 5.9% during the third quarter. Foundry Partners LLC now owns 437,390 shares of the basic materials company’s stock valued at $5,664,000 after acquiring an additional 24,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Landec by 3.1% during the second quarter. Vanguard Group Inc. now owns 1,293,566 shares of the basic materials company’s stock valued at $19,209,000 after acquiring an additional 38,572 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.
Shares of Landec (LNDC) opened at $13.00 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $347.96, a PE ratio of 40.63 and a beta of 1.22. Landec has a fifty-two week low of $11.20 and a fifty-two week high of $14.95.
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Landec Company Profile
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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