Landec (NASDAQ:LNDC) posted its earnings results on Tuesday. The basic materials company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01, Fidelity Earnings reports. Landec had a negative net margin of 7.56% and a negative return on equity of 2.21%.
Shares of Landec stock traded down $0.86 during trading on Thursday, hitting $10.41. 6,167 shares of the stock were exchanged, compared to its average volume of 179,578. The stock has a market cap of $304.41 million, a price-to-earnings ratio of -6.89, a price-to-earnings-growth ratio of 11.77 and a beta of 1.05. The firm’s 50-day moving average price is $10.73 and its 200 day moving average price is $9.92. Landec has a 12-month low of $7.48 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.57.
LNDC has been the subject of several recent research reports. ValuEngine cut shares of Landec from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, November 18th. Finally, BidaskClub cut shares of Landec from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Landec presently has an average rating of “Hold” and an average target price of $12.60.
Landec Company Profile
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.
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