Wall Street brokerages expect Landec Corporation (NASDAQ:LNDC) to post $0.07 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Landec Corporation’s earnings, with estimates ranging from $0.06 to $0.07. Landec Corporation reported earnings per share of $0.05 in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The company is scheduled to issue its next earnings report on Wednesday, January 3rd.

According to Zacks, analysts expect that Landec Corporation will report full year earnings of $0.55 per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of $0.75 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Landec Corporation.

Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $123.40 million for the quarter, compared to the consensus estimate of $123.00 million. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of Landec Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Maxim Group reissued a “buy” rating and set a $18.00 price objective on shares of Landec Corporation in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Landec Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet cut shares of Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Wedbush reissued a “hold” rating on shares of Landec Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.33.

In related news, CEO Molly Hemmeter sold 7,399 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $13.06, for a total value of $96,630.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.62% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Landec Corporation by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,688 shares of the basic materials company’s stock worth $336,000 after acquiring an additional 110 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Landec Corporation by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 106,809 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 589 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Landec Corporation by 1.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,251 shares of the basic materials company’s stock worth $1,117,000 after acquiring an additional 745 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Landec Corporation by 6.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 15,588 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 900 shares during the last quarter. Finally, American International Group Inc. raised its holdings in shares of Landec Corporation by 7.2% in the 1st quarter. American International Group Inc. now owns 16,486 shares of the basic materials company’s stock worth $198,000 after acquiring an additional 1,102 shares during the last quarter. Institutional investors own 92.01% of the company’s stock.

Landec Corporation (LNDC) remained flat at $13.00 during mid-day trading on Tuesday. 34,702 shares of the stock traded hands. The firm has a market cap of $357.58 million, a price-to-earnings ratio of 38.24 and a beta of 1.29. The company’s 50-day moving average is $12.79 and its 200 day moving average is $13.50. Landec Corporation has a 52-week low of $11.20 and a 52-week high of $15.50.

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About Landec Corporation

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.

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

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