Media stories about Landec (NASDAQ:LNDC) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Landec earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.751745213948 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts have weighed in on the stock. BidaskClub cut shares of Landec from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of Landec in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research cut shares of Landec from a “hold” rating to a “sell” rating in a report on Saturday, March 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.33.
Shares of Landec opened at $13.55 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $362.47 million, a P/E ratio of 35.66 and a beta of 0.83. Landec has a fifty-two week low of $13.10 and a fifty-two week high of $13.15.
Landec (NASDAQ:LNDC) last announced its quarterly earnings data on Tuesday, April 3rd. The basic materials company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $149.32 million during the quarter, compared to analysts’ expectations of $146.09 million. Landec had a net margin of 3.95% and a return on equity of 3.17%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. research analysts predict that Landec will post 0.4 EPS for the current year.
In related news, COO Ronald Lane Midyett sold 13,450 shares of Landec stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $13.93, for a total value of $187,358.50. Following the completion of the transaction, the chief operating officer now owns 85,141 shares in the company, valued at $1,186,014.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 30,000 shares of company stock valued at $412,616 in the last 90 days. Company insiders own 4.62% of the company’s stock.
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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