Landec (NASDAQ:LNDC) Releases Earnings Results, Beats Estimates By $0.01 EPS


Share on StockTwits

Landec (NASDAQ:LNDC) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01, Fidelity Earnings reports. Landec had a negative return on equity of 2.21% and a negative net margin of 7.56%.

Shares of LNDC stock traded down $0.98 during trading hours on Thursday, hitting $10.29. 5,935 shares of the company were exchanged, compared to its average volume of 179,578. Landec has a 52-week low of $7.48 and a 52-week high of $11.89. The stock has a market capitalization of $300.90 million, a price-to-earnings ratio of -6.89, a P/E/G ratio of 11.77 and a beta of 1.05. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $9.92.

In other Landec news, Director Nelson Obus acquired 10,000 shares of Landec stock in a transaction that occurred on Wednesday, October 14th. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $103,000.00. Following the purchase, the director now owns 33,915 shares of the company’s stock, valued at $349,324.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.89% of the stock is currently owned by insiders.

LNDC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Wednesday, November 18th. ValuEngine downgraded Landec from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub downgraded Landec from a “buy” rating to a “hold” rating in a report on Wednesday, December 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Landec currently has a consensus rating of “Hold” and an average target price of $12.60.

About Landec

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.

Further Reading: Earnings Per Share (EPS)

Earnings History for Landec (NASDAQ:LNDC)

Receive News & Ratings for Landec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landec and related companies with MarketBeat.com's FREE daily email newsletter.