Equities analysts predict that Landec Corporation (NASDAQ:LNDC) will post earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Landec Corporation’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Landec Corporation posted earnings per share of $0.12 in the same quarter last year, which would suggest a negative year-over-year growth rate of 58.3%. The company is expected to report its next quarterly earnings report on Tuesday, September 26th.

On average, analysts expect that Landec Corporation will report full-year earnings of $0.55 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.66 to $0.97. Zacks’ EPS calculations are an average based on a survey of research firms that follow Landec Corporation.

Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Landec Corporation had a net margin of 1.99% and a return on equity of 4.81%. The firm had revenue of $127.40 million during the quarter, compared to analyst estimates of $135.46 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year.

LNDC has been the subject of several research analyst reports. TheStreet upgraded Landec Corporation from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. BidaskClub cut Landec Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Landec Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Wedbush reiterated a “hold” rating on shares of Landec Corporation in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Landec Corporation presently has a consensus rating of “Hold” and a consensus target price of $14.50.

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Landec Corporation (LNDC) traded up 1.18% during midday trading on Friday, hitting $12.85. 29,593 shares of the stock traded hands. Landec Corporation has a 12 month low of $11.20 and a 12 month high of $15.50. The company has a 50-day moving average of $13.78 and a 200-day moving average of $13.37. The stock has a market cap of $356.64 million, a PE ratio of 33.82 and a beta of 1.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. boosted its stake in Landec Corporation by 43.1% in the first quarter. Pinnacle Associates Ltd. now owns 55,250 shares of the basic materials company’s stock worth $663,000 after buying an additional 16,650 shares during the period. Congress Asset Management Co. MA boosted its stake in Landec Corporation by 62.2% in the first quarter. Congress Asset Management Co. MA now owns 43,433 shares of the basic materials company’s stock worth $521,000 after buying an additional 16,655 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in Landec Corporation by 22.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 277,062 shares of the basic materials company’s stock worth $3,325,000 after buying an additional 50,090 shares during the period. Cutter & CO Brokerage Inc. boosted its stake in Landec Corporation by 12.5% in the first quarter. Cutter & CO Brokerage Inc. now owns 32,400 shares of the basic materials company’s stock worth $389,000 after buying an additional 3,600 shares during the period. Finally, Boston Partners boosted its stake in Landec Corporation by 17.0% in the first quarter. Boston Partners now owns 530,400 shares of the basic materials company’s stock worth $6,364,000 after buying an additional 76,890 shares during the period. Institutional investors own 92.69% of the company’s stock.

About Landec Corporation

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company 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 fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

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Earnings History and Estimates for Landec Corporation (NASDAQ:LNDC)

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