Landec (NASDAQ:LNDC) Posts Earnings Results, Beats Estimates By $0.01 EPS

Landec (NASDAQ:LNDC) issued its quarterly earnings results on Tuesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Fidelity Earnings reports. Landec had a negative net margin of 7.56% and a negative return on equity of 2.21%.

Landec stock traded down $0.89 on Thursday, reaching $10.38. 5,933 shares of the stock were exchanged, compared to its average volume of 179,578. The stock has a market cap of $303.53 million, a PE ratio of -6.89, a PEG ratio of 11.77 and a beta of 1.05. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.42. Landec has a twelve month low of $7.48 and a twelve month high of $11.89. The firm has a fifty day moving average price of $10.73 and a two-hundred day moving average price of $9.92.

In other news, Director Nelson Obus purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the completion of the purchase, the director now directly owns 33,915 shares of the company’s stock, valued at approximately $349,324.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.89% of the stock is owned by insiders.

Several research firms have weighed in on LNDC. ValuEngine lowered shares of Landec from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Landec from a “sell” rating to a “hold” rating in a report on Wednesday, November 18th. Finally, BidaskClub downgraded shares of Landec from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.60.

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 Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.

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Earnings History for Landec (NASDAQ:LNDC)

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