Landec (NASDAQ:LNDC) posted its quarterly earnings results on Tuesday. The basic materials company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.11), Fidelity Earnings reports. Landec had a negative return on equity of 0.04% and a negative net margin of 8.85%.
LNDC opened at $10.95 on Thursday. The business’s 50 day moving average is $11.26 and its 200-day moving average is $10.69. The stock has a market cap of $321.09 million, a PE ratio of -6.29, a price-to-earnings-growth ratio of 33.84 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. Landec has a twelve month low of $7.48 and a twelve month high of $12.24.
A number of brokerages have issued reports on LNDC. Lake Street Capital cut their target price on shares of Landec from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Investment Research raised shares of Landec from a “sell” rating to a “hold” rating in a report on Tuesday, March 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Landec currently has a consensus rating of “Buy” and a consensus price target of $13.50.
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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