Analysts predict that Landec Corporation (NASDAQ:LNDC) will report earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Landec’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Landec posted earnings per share of $0.05 in the same quarter last year, which suggests a negative year-over-year growth rate of 80%. The business is expected to issue its next earnings results after the market closes on Wednesday, January 3rd.

On average, analysts expect that Landec will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.49 to $0.52. For the next financial year, analysts forecast that the business will report earnings of $0.75 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Landec.

Landec (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Landec had a net margin of 1.80% and a return on equity of 4.17%. The company had revenue of $123.40 million during the quarter, compared to analysts’ expectations of $123.00 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Sidoti began coverage on shares of Landec in a report on Wednesday, December 13th. They set a “buy” rating for the company. Zacks Investment Research cut shares of Landec from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. BidaskClub cut shares of Landec from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of Landec in a research note on Wednesday, November 29th. Finally, Wedbush reiterated a “hold” rating and issued a $13.00 target price on shares of Landec in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.33.

In related news, CEO Molly Hemmeter sold 7,399 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $13.06, for a total value of $96,630.94. Following the completion of the sale, the chief executive officer now owns 53,017 shares in the company, valued at $692,402.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.62% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Landec in the third quarter worth about $241,000. Walthausen & Co. LLC raised its position in Landec by 327.0% in the third quarter. Walthausen & Co. LLC now owns 832,715 shares of the basic materials company’s stock worth $10,784,000 after purchasing an additional 637,711 shares in the last quarter. NWQ Investment Management Company LLC raised its position in Landec by 1.4% in the third quarter. NWQ Investment Management Company LLC now owns 3,779,223 shares of the basic materials company’s stock worth $48,941,000 after purchasing an additional 53,050 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Landec by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,310,744 shares of the basic materials company’s stock worth $29,924,000 after purchasing an additional 13,077 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Landec by 5.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 112,241 shares of the basic materials company’s stock worth $1,454,000 after purchasing an additional 5,432 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Landec (NASDAQ:LNDC) traded up $0.25 during mid-day trading on Wednesday, reaching $12.55. 43,212 shares of the company’s stock were exchanged, compared to its average volume of 70,364. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.53 and a quick ratio of 1.04. Landec has a one year low of $11.20 and a one year high of $14.95. The company has a market capitalization of $352.09, a PE ratio of 36.57 and a beta of 1.23.

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About Landec

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 (NASDAQ:LNDC)

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