Landec Co. (LNDC) Expected to Post Earnings of $0.22 Per Share

Equities research analysts expect Landec Co. (NASDAQ:LNDC) to post $0.22 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Landec’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.21. Landec reported earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 144.4%. The business is expected to announce its next quarterly earnings report on Tuesday, July 24th.

On average, analysts expect that Landec will report full-year earnings of $0.40 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $0.60 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Landec.

Landec (NASDAQ:LNDC) last issued its earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $149.32 million during the quarter, compared to the consensus estimate of $146.09 million. Landec had a net margin of 3.95% and a return on equity of 3.17%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share.

A number of research firms have issued reports on LNDC. BidaskClub upgraded Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Landec in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.33.

In other Landec news, COO Ronald Lane Midyett sold 13,450 shares of Landec stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $13.93, for a total value of $187,358.50. Following the transaction, the chief operating officer now owns 85,141 shares in the company, valued at $1,186,014.13. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $412,616 in the last ninety days. Insiders own 4.62% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Landec during the fourth quarter worth $177,000. Stone Ridge Asset Management LLC purchased a new position in shares of Landec in the 4th quarter valued at approximately $405,000. Acuitas Investments LLC purchased a new position in Landec during the first quarter valued at $416,000. Swiss National Bank raised its stake in Landec by 12.7% during the first quarter. Swiss National Bank now owns 45,400 shares of the basic materials company’s stock valued at $592,000 after buying an additional 5,100 shares during the last quarter. Finally, Buckhead Capital Management LLC raised its stake in shares of Landec by 15.4% in the first quarter. Buckhead Capital Management LLC now owns 50,230 shares of the basic materials company’s stock worth $656,000 after purchasing an additional 6,720 shares during the last quarter. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LNDC traded up $0.25 on Tuesday, hitting $14.05. 22,270 shares of the company were exchanged, compared to its average volume of 31,641. The company has a market cap of $387.27 million, a price-to-earnings ratio of 50.18 and a beta of 0.83. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 0.17. Landec has a 1-year low of $11.42 and a 1-year high of $14.95.

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 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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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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