$0.23 EPS Expected for Landec Co. (LNDC) This Quarter
Equities research analysts expect Landec Co. (NASDAQ:LNDC) to report earnings of $0.23 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Landec’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.25. Landec reported earnings per share of $0.09 in the same quarter last year, which would indicate a positive year over year growth rate of 155.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 24th.
On average, analysts expect that Landec will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.44. For the next financial year, analysts expect that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.60 to $0.65. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Landec.
Landec (NASDAQ:LNDC) last posted its quarterly earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. Landec had a return on equity of 3.17% and a net margin of 3.95%. The firm had revenue of $149.32 million during the quarter, compared to the consensus estimate of $146.09 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year.
In related news, COO Ronald Lane Midyett sold 13,450 shares of the business’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $13.93, for a total value of $187,358.50. Following the transaction, the chief operating officer now owns 85,141 shares in the company, valued at $1,186,014.13. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.62% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in shares of Landec in the fourth quarter worth about $177,000. Stone Ridge Asset Management LLC acquired a new stake in Landec during the fourth quarter valued at approximately $405,000. Deutsche Bank AG raised its stake in Landec by 111.0% during the fourth quarter. Deutsche Bank AG now owns 60,779 shares of the basic materials company’s stock valued at $765,000 after buying an additional 31,978 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in Landec during the fourth quarter valued at approximately $1,410,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Landec by 3.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 263,142 shares of the basic materials company’s stock valued at $3,316,000 after buying an additional 9,010 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
LNDC stock traded down $0.10 during trading on Wednesday, reaching $13.65. 15,261 shares of the stock traded hands, compared to its average volume of 64,559. Landec has a 52-week low of $11.42 and a 52-week high of $14.95. The company has a current ratio of 1.33, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17. The company has a market cap of $379.01, a PE ratio of 36.18 and a beta of 0.82.
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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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