Landec Corporation (LNDC) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Landec Corporation (NASDAQ:LNDC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landec Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.3068360396828 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Earnings Review and Free Research Report: Calavo Growers Reported Better Than Expected Revenue (finance.yahoo.com)
- Q2 2018 EPS Estimates for Landec Corporation (LNDC) Cut by Griffin Securities (americanbankingnews.com)
- Landec Corporation (LNDC) Given “Hold” Rating at Wedbush (americanbankingnews.com)
- Nike Fall on Flat Revenues, Micron Tech Net Swings to Profit (ticker.com)
- Landec’s (LNDC) CEO Molly Hemmeter on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com)
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Landec Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded Landec Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet downgraded Landec Corporation from a “b” rating to a “c+” rating in a report on Monday, July 31st. Maxim Group reiterated a “buy” rating and set a $18.00 price objective on shares of Landec Corporation in a report on Tuesday. Finally, Wedbush reiterated a “hold” rating on shares of Landec Corporation in a report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.67.
Landec Corporation (NASDAQ:LNDC) traded down 2.26% on Friday, hitting $12.95. The company had a trading volume of 78,514 shares. Landec Corporation has a one year low of $11.20 and a one year high of $15.50. The company has a market capitalization of $356.20 million, a P/E ratio of 34.08 and a beta of 1.34. The stock’s 50-day moving average price is $12.84 and its 200 day moving average price is $13.41.
Landec Corporation (NASDAQ:LNDC) last posted its quarterly earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Landec Corporation had a return on equity of 4.21% and a net margin of 1.80%. The business had revenue of $123.40 million for the quarter, compared to the consensus estimate of $123.00 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts expect that Landec Corporation will post $0.55 EPS for the current fiscal year.
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Landec Corporation Company Profile
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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