Landec Corp. (LNDC) Set to Announce Quarterly Earnings on Tuesday
Landec Corp. (NASDAQ:LNDC) is scheduled to be announcing its Q114 earnings results on Tuesday, September 24th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $108.62 million for the quarter.
Landec Corp. (NASDAQ:LNDC) last announced its earnings results on Wednesday, July 31st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01. The company had revenue of $107.11 million for the quarter, compared to the consensus estimate of $103.39 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 29.7% on a year-over-year basis. On average, analysts expect Landec Corp. to post $0.85 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Landec Corp. (NASDAQ:LNDC) opened at 13.18 on Monday. Landec Corp. has a one year low of $8.86 and a one year high of $15.96. The stock’s 50-day moving average is $13.56 and its 200-day moving average is $13.73. The company has a market cap of $348.8 million and a P/E ratio of 15.56.
On a related note, analysts at Feltl & Co. raised their price target on shares of Landec Corp. (NASDAQ:LNDC) from $17.60 to $18.25 in a research note to investors on Friday, August 2nd. They now have a “strong-buy” rating on the stock.
Landec Corporation (NASDAQ:LNDC) designs, develops, manufactures and sells polymer products for food and agricultural products, medical devices and licensed partner applications that incorporate Landec’s polymer technologies.
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