News articles about Landec Corporation (NASDAQ:LNDC) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landec Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.1713621045164 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have recently issued reports on LNDC shares. Zacks Investment Research raised shares of Landec Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Landec Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet lowered 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Landec Corporation presently has an average rating of “Hold” and an average price target of $14.50.
Landec Corporation (NASDAQ:LNDC) traded up 0.39% during mid-day trading on Tuesday, hitting $12.80. 49,325 shares of the stock were exchanged. The firm has a 50-day moving average price of $12.94 and a 200-day moving average price of $13.41. The stock has a market capitalization of $352.08 million, a P/E ratio of 33.68 and a beta of 1.34. Landec Corporation has a 12-month low of $11.20 and a 12-month high of $15.50.
Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Landec Corporation had a return on equity of 4.77% and a net margin of 1.99%. The business had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $135.46 million. During the same quarter in the previous year, the business posted $0.17 EPS. Landec Corporation’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts predict that Landec Corporation will post $0.55 earnings per share for the current fiscal year.
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Landec Corporation Company Profile
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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