Landec (NASDAQ:LNDC) updated its fourth quarter 2020
After-Hours earnings guidance on Monday. The company provided EPS guidance of 0.01-0.06 for the period. The company issued revenue guidance of $156.1-156.1 million.
A number of brokerages have issued reports on LNDC. BidaskClub cut shares of Landec from a hold rating to a sell rating in a report on Friday, June 5th. Zacks Investment Research cut shares of Landec from a buy rating to a hold rating in a report on Wednesday, June 24th. Barrington Research raised shares of Landec from a market perform rating to an outperform rating and set a $10.00 target price for the company in a report on Wednesday, April 1st. Roth Capital raised shares of Landec from a neutral rating to a buy rating and increased their target price for the company from $11.00 to $15.00 in a report on Tuesday, April 21st. Finally, ValuEngine cut shares of Landec from a buy rating to a hold rating in a report on Tuesday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Landec has a consensus rating of Buy and an average price target of $12.40.
Landec stock traded down $0.57 during midday trading on Monday, hitting $9.05. 10,724 shares of the stock were exchanged, compared to its average volume of 144,068. Landec has a 1 year low of $7.53 and a 1 year high of $12.46. The firm has a market cap of $280.73 million, a P/E ratio of -12.18, a P/E/G ratio of 2.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.52. The company has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $10.54.
Landec (NASDAQ:LNDC) last released its earnings results on Tuesday, March 31st. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Landec had a negative net margin of 3.97% and a negative return on equity of 1.84%. The company had revenue of $152.93 million during the quarter, compared to the consensus estimate of $147.15 million. As a group, analysts predict that Landec will post 0.18 EPS for the current year.
In related news, Director Nelson Obus purchased 5,000 shares of Landec stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $10.80 per share, with a total value of $54,000.00. Following the purchase, the director now owns 27,915 shares in the company, valued at approximately $301,482. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 14.99% of the company’s stock.
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.
See Also: Why do companies engage in swaps?
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.