Headlines about Landec (NASDAQ:LNDC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Landec earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.8757170942449 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Landec opened at $14.20 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.33 and a quick ratio of 0.92. The firm has a market cap of $392.79 million, a price-to-earnings ratio of 37.37 and a beta of 0.84. Landec has a twelve month low of $11.42 and a twelve month high of $14.95.
Landec (NASDAQ:LNDC) last issued its earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The business had revenue of $149.32 million during the quarter, compared to analyst estimates of $146.09 million. Landec had a return on equity of 3.17% and a net margin of 3.95%. Landec’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. research analysts expect that Landec will post 0.4 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on LNDC shares. Maxim Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Landec in a research report on Tuesday, April 3rd. BidaskClub raised Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, TheStreet raised Landec from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.33.
In other news, COO Ronald Lane Midyett sold 9,239 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $13.36, for a total value of $123,433.04. Following the completion of the transaction, the chief operating officer now directly owns 58,929 shares of the company’s stock, valued at approximately $787,291.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 30,000 shares of company stock valued at $412,616. Corporate insiders own 4.62% of the company’s stock.
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It 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 fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
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