Landec Corporation (NASDAQ:LNDC) – Equities research analysts at Griffin Securities cut their Q2 2018 EPS estimates for shares of Landec Corporation in a research note issued to investors on Thursday. Griffin Securities analyst M. Ajzenman now forecasts that the basic materials company will earn $0.07 per share for the quarter, down from their prior estimate of $0.12.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Landec Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. TheStreet cut Landec Corporation from a “b” rating to a “c+” rating in a report on Monday, July 31st. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Landec Corporation in a report on Tuesday, September 26th. BidaskClub cut Landec Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Wedbush restated a “hold” rating and set a $13.00 price target on shares of Landec Corporation in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Landec Corporation presently has an average rating of “Hold” and an average target price of $15.67.

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Shares of Landec Corporation (NASDAQ LNDC) opened at 12.95 on Friday. Landec Corporation has a 52-week low of $11.20 and a 52-week high of $15.50. The company has a 50-day moving average price of $12.84 and a 200-day moving average price of $13.41. The company has a market cap of $356.20 million, a P/E ratio of 34.08 and a beta of 1.34.

Landec Corporation (NASDAQ:LNDC) last released its earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $123.40 million during the quarter, compared to the consensus estimate of $123.00 million. Landec Corporation had a return on equity of 4.21% and a net margin of 1.80%. Landec Corporation’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in Landec Corporation by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,688 shares of the basic materials company’s stock valued at $336,000 after buying an additional 110 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Landec Corporation by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 106,809 shares of the basic materials company’s stock valued at $1,587,000 after buying an additional 589 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Landec Corporation by 1.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,251 shares of the basic materials company’s stock valued at $1,117,000 after buying an additional 745 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in Landec Corporation by 6.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 15,588 shares of the basic materials company’s stock valued at $203,000 after buying an additional 900 shares in the last quarter. Finally, American International Group Inc. grew its holdings in Landec Corporation by 7.2% during the 1st quarter. American International Group Inc. now owns 16,486 shares of the basic materials company’s stock valued at $198,000 after buying an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 92.07% 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.

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

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