Equities research analysts expect Landec Co. (NASDAQ:LNDC) to post earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Landec’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.10. Landec reported earnings of $0.24 per share in the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is expected to announce its next earnings report after the market closes on Tuesday, July 30th.
On average, analysts expect that Landec will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.16. For the next year, analysts forecast that the business will post earnings of $0.30 per share, with EPS estimates ranging from $0.25 to $0.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Landec.
A number of equities analysts have issued reports on LNDC shares. Maxim Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Landec in a report on Wednesday, July 3rd. Roth Capital increased their price objective on Dmc Global from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 8th. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Lake Street Capital dropped their price objective on Landec from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Landec has a consensus rating of “Hold” and a consensus target price of $13.67.
LNDC traded down $0.04 during trading on Thursday, reaching $10.53. The stock had a trading volume of 125,632 shares, compared to its average volume of 135,283. The firm’s 50 day simple moving average is $9.79. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $307.85 million, a P/E ratio of 25.66 and a beta of 0.76. Landec has a one year low of $9.02 and a one year high of $15.57.
Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in Landec by 6.3% during the 1st quarter. First Trust Advisors LP now owns 53,174 shares of the basic materials company’s stock valued at $653,000 after acquiring an additional 3,150 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of Landec by 35.7% in the 1st quarter. Granite Investment Partners LLC now owns 59,219 shares of the basic materials company’s stock worth $727,000 after buying an additional 15,572 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Landec by 6.2% in the 1st quarter. Kennedy Capital Management Inc. now owns 203,457 shares of the basic materials company’s stock worth $2,498,000 after acquiring an additional 11,894 shares in the last quarter. Signia Capital Management LLC raised its position in shares of Landec by 26.0% in the 1st quarter. Signia Capital Management LLC now owns 266,033 shares of the basic materials company’s stock worth $3,267,000 after acquiring an additional 54,890 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Landec by 17.6% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 307,931 shares of the basic materials company’s stock worth $3,781,000 after acquiring an additional 46,193 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
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