$0.12 EPS Expected for Landec Co. (NASDAQ:LNDC) This Quarter

Analysts expect Landec Co. (NASDAQ:LNDC) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Landec’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.13. Landec reported earnings per share of $0.24 in the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, July 30th.

On average, analysts expect that Landec will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.16. For the next financial year, analysts forecast that the firm will post earnings of $0.30 per share, with EPS estimates ranging from $0.25 to $0.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Landec.

Several research firms have recently weighed in on LNDC. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Maxim Group reiterated a “buy” rating and issued a $17.00 price target on shares of Landec in a report on Wednesday, July 3rd. Lake Street Capital reduced their price target on shares of Landec from $16.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Roth Capital upped their price target on shares of Dmc Global from $50.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Landec has an average rating of “Hold” and a consensus target price of $13.67.

Shares of Landec stock traded down $0.04 on Thursday, hitting $10.53. The company had a trading volume of 125,632 shares, compared to its average volume of 135,283. The company has a market capitalization of $307.85 million, a price-to-earnings ratio of 25.66 and a beta of 0.76. Landec has a twelve month low of $9.02 and a twelve month high of $15.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.59. The company has a 50-day simple moving average of $9.79.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in Landec by 6.3% in the first quarter. First Trust Advisors LP now owns 53,174 shares of the basic materials company’s stock worth $653,000 after buying an additional 3,150 shares in the last quarter. Granite Investment Partners LLC boosted its stake in Landec by 35.7% in the first quarter. Granite Investment Partners LLC now owns 59,219 shares of the basic materials company’s stock worth $727,000 after buying an additional 15,572 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in Landec by 6.2% in the first quarter. Kennedy Capital Management Inc. now owns 203,457 shares of the basic materials company’s stock worth $2,498,000 after buying an additional 11,894 shares in the last quarter. Signia Capital Management LLC boosted its stake in Landec by 26.0% in the first quarter. Signia Capital Management LLC now owns 266,033 shares of the basic materials company’s stock worth $3,267,000 after buying an additional 54,890 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Landec by 17.6% in the first quarter. Pacific Ridge Capital Partners LLC now owns 307,931 shares of the basic materials company’s stock worth $3,781,000 after buying an additional 46,193 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Landec Company Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables 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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