Landec (NASDAQ:LNDC) Releases Q4 Earnings Guidance

Landec (NASDAQ:LNDC) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.01-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.24. The company issued revenue guidance of approx $156.1 million, compared to the consensus revenue estimate of $150.69 million.Landec also updated its Q4 2020
After-Hours guidance to 0.01-0.06 EPS.

LNDC has been the topic of a number of recent research reports. BidaskClub downgraded Landec from a hold rating to a sell rating in a research report on Friday, June 5th. Lake Street Capital decreased their target price on Landec from $14.00 to $10.00 and set a buy rating on the stock in a research report on Monday, March 30th. Roth Capital raised Landec from a neutral rating to a buy rating and lifted their target price for the stock from $11.00 to $15.00 in a research report on Tuesday, April 21st. Maxim Group reissued a buy rating and set a $15.00 target price on shares of Landec in a research report on Thursday, April 2nd. Finally, ValuEngine downgraded Landec from a buy rating to a hold rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $12.40.

LNDC traded up $0.18 during midday trading on Monday, reaching $9.80. 319,125 shares of the company’s stock were exchanged, compared to its average volume of 174,694. The firm has a market capitalization of $280.73 million, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. Landec has a one year low of $7.53 and a one year high of $12.46. The business has a 50-day simple moving average of $10.41 and a two-hundred day simple moving average of $10.52.

Landec (NASDAQ:LNDC) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $152.93 million during the quarter, compared to analysts’ expectations of $147.15 million. Landec had a negative net margin of 3.97% and a negative return on equity of 1.84%. As a group, research analysts anticipate that Landec will post 0.18 EPS for the current fiscal year.

In other Landec news, Director Nelson Obus purchased 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $10.80 per share, for a total transaction of $54,000.00. Following the completion of the purchase, the director now directly owns 27,915 shares in the company, valued at $301,482. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.99% of the stock is owned by company insiders.

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.

Further Reading: Correction

Earnings History and Estimates for Landec (NASDAQ:LNDC)

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