Landec Corporation (NASDAQ:LNDC) – Equities researchers at Griffin Securities increased their Q3 2018 earnings per share estimates for Landec Corporation in a research report issued on Thursday. Griffin Securities analyst M. Ajzenman now anticipates that the basic materials company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.22. Griffin Securities also issued estimates for Landec Corporation’s Q4 2018 earnings at $0.17 EPS.

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

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Several other research analysts also recently weighed in on the stock. Wedbush reaffirmed a “hold” rating and issued a $13.00 target price on shares of Landec Corporation in a report on Thursday, September 28th. Zacks Investment Research upgraded Landec Corporation from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a research note on Wednesday, September 27th. Maxim Group reissued a “buy” rating and set a $18.00 price target on shares of Landec Corporation in a report on Tuesday, September 26th. BidaskClub raised Landec Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, TheStreet downgraded Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Landec Corporation (NASDAQ LNDC) traded up 0.39% on Monday, reaching $12.80. The company’s stock had a trading volume of 30,406 shares. Landec Corporation has a 52-week low of $11.20 and a 52-week high of $15.50. The firm’s 50-day moving average price is $12.84 and its 200 day moving average price is $13.42. The company has a market cap of $352.08 million, a P/E ratio of 33.68 and a beta of 1.29.

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Landec Corporation by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 156,046 shares of the basic materials company’s stock valued at $1,872,000 after purchasing an additional 5,538 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Landec Corporation by 8.8% during the first quarter. Wells Fargo & Company MN now owns 214,335 shares of the basic materials company’s stock valued at $2,572,000 after purchasing an additional 17,300 shares in the last quarter. American International Group Inc. grew its position in shares of Landec Corporation by 7.2% during the first quarter. American International Group Inc. now owns 16,486 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 1,102 shares in the last quarter. Royce & Associates LP grew its position in shares of Landec Corporation by 6.2% during the first quarter. Royce & Associates LP now owns 1,037,507 shares of the basic materials company’s stock valued at $12,450,000 after purchasing an additional 61,006 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Landec Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,254,994 shares of the basic materials company’s stock worth $15,060,000 after purchasing an additional 49,191 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

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.

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

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