News headlines about Landec (NASDAQ:LNDC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landec earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.7557380363031 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Landec (LNDC) traded up $0.70 during midday trading on Friday, reaching $13.40. The company’s stock had a trading volume of 111,117 shares, compared to its average volume of 69,464. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $355.19, a price-to-earnings ratio of 41.88 and a beta of 1.04. Landec has a one year low of $11.20 and a one year high of $14.95.
Landec (NASDAQ:LNDC) last posted its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $136.50 million for the quarter, compared to analyst estimates of $135.82 million. Landec had a return on equity of 3.75% and a net margin of 1.64%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. analysts forecast that Landec will post 0.5 earnings per share for the current fiscal year.
Several research firms have weighed in on LNDC. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Sidoti began coverage on Landec in a report on Wednesday, December 13th. They set a “buy” rating on the stock. BidaskClub lowered Landec from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Finally, Maxim Group restated a “buy” rating and set a $18.00 target price on shares of Landec in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Landec presently has a consensus rating of “Hold” and a consensus price target of $15.33.
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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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