Landec Co. (NASDAQ:LNDC) Expected to Announce Earnings of $0.03 Per Share

Brokerages expect Landec Co. (NASDAQ:LNDCGet Rating) to report earnings of $0.03 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Landec’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.07. Landec reported earnings per share of $0.07 during the same quarter last year, which indicates a negative year-over-year growth rate of 57.1%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Landec will report full year earnings of ($0.58) per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.21 per share, with EPS estimates ranging from $0.00 to $0.41. Zacks’ EPS averages are an average based on a survey of analysts that cover Landec.

Landec (NASDAQ:LNDCGet Rating) last posted its quarterly earnings data on Tuesday, April 5th. The basic materials company reported ($0.08) EPS for the quarter. Landec had a negative return on equity of 8.43% and a negative net margin of 14.10%. The business had revenue of $53.07 million during the quarter, compared to analyst estimates of $48.54 million.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Landec from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. StockNews.com began coverage on Landec in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Barrington Research downgraded Landec from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.67.

Several institutional investors have recently made changes to their positions in LNDC. First Trust Advisors LP increased its holdings in shares of Landec by 6.3% in the first quarter. First Trust Advisors LP now owns 53,174 shares of the basic materials company’s stock worth $653,000 after acquiring an additional 3,150 shares in the last quarter. Morgan Stanley increased its holdings in shares of Landec by 134.1% in the second quarter. Morgan Stanley now owns 35,114 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 20,117 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Landec by 161.0% in the third quarter. SG Americas Securities LLC now owns 24,956 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 15,395 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Landec by 126.2% in the third quarter. Citigroup Inc. now owns 4,036 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 2,252 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Landec by 18,127.3% in the third quarter. William Blair Investment Management LLC now owns 425,607 shares of the basic materials company’s stock worth $3,924,000 after acquiring an additional 423,272 shares in the last quarter. Institutional investors own 99.92% of the company’s stock.

Shares of LNDC opened at $8.91 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.55. Landec has a 12-month low of $7.65 and a 12-month high of $12.88. The firm has a market capitalization of $262.69 million, a PE ratio of -4.14 and a beta of 1.18. The stock’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $10.48.

About Landec (Get Rating)

Landec Corporation, together with its subsidiaries, engages in the design, development, manufacture, and sale of 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 plant-based salads, and fresh-cut and whole processed vegetables 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 to retail grocery chains, club stores, and food service operators; and sells BreatheWay packaging products.

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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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