Brokerages Anticipate Landec Co. (LNDC) Will Post Earnings of $0.23 Per Share

Wall Street brokerages expect that Landec Co. (NASDAQ:LNDC) will post $0.23 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Landec’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.21. Landec posted earnings of $0.09 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 155.6%. The firm is expected to issue its next earnings results on Tuesday, July 24th.

On average, analysts expect that Landec will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.44. For the next financial year, analysts expect that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.60 to $0.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Landec.

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Landec (NASDAQ:LNDC) last issued its quarterly earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $149.32 million during the quarter, compared to the consensus estimate of $146.09 million. Landec had a return on equity of 3.24% and a net margin of 3.95%. Landec’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share.

A number of research analysts recently commented on LNDC shares. Sidoti started coverage on Landec in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of Landec in a report on Tuesday. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub upgraded Landec from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Landec presently has an average rating of “Hold” and an average price target of $15.33.

LNDC traded down $0.70 on Friday, reaching $13.40. The company’s stock had a trading volume of 63,429 shares, compared to its average volume of 64,964. The company has a market capitalization of $382.34, a P/E ratio of 36.97 and a beta of 0.82. Landec has a 1 year low of $11.42 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 1.37.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in Landec during the fourth quarter valued at approximately $177,000. Stone Ridge Asset Management LLC acquired a new stake in Landec during the fourth quarter valued at approximately $405,000. Deutsche Bank AG raised its stake in Landec by 111.0% during the fourth quarter. Deutsche Bank AG now owns 60,779 shares of the basic materials company’s stock valued at $765,000 after buying an additional 31,978 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in Landec during the fourth quarter valued at approximately $1,410,000. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Landec by 3.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 263,142 shares of the basic materials company’s stock worth $3,316,000 after purchasing an additional 9,010 shares during the period. Hedge funds and other institutional investors own 93.95% of the company’s stock.

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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 three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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