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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Landec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landec Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.