Wall Street analysts expect Landec Co. (NASDAQ:LNDC) to report earnings per share of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Landec’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at $0.00. Landec reported earnings of $0.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 87.5%. The business is expected to announce its next earnings results after the market closes on Tuesday, October 2nd.

On average, analysts expect that Landec will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.40 to $0.47. For the next financial year, analysts expect that the business will report earnings of $0.55 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Landec.

Landec (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Landec had a net margin of 4.51% and a return on equity of 4.85%. The company had revenue of $141.10 million during the quarter, compared to the consensus estimate of $138.61 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis.

A number of research firms have recently weighed in on LNDC. BidaskClub upgraded shares of Landec from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. ValuEngine upgraded shares of Landec from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. TheStreet upgraded shares of Landec from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. Finally, Maxim Group restated a “buy” rating and set a $18.00 price objective on shares of Landec in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.33.

A number of institutional investors and hedge funds have recently made changes to their positions in LNDC. Renaissance Technologies LLC acquired a new position in Landec during the second quarter valued at approximately $295,000. Bessemer Group Inc. raised its position in Landec by 30.9% during the second quarter. Bessemer Group Inc. now owns 22,900 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 5,400 shares in the last quarter. First Trust Advisors LP raised its position in Landec by 18.1% during the second quarter. First Trust Advisors LP now owns 31,236 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 4,789 shares in the last quarter. National Investment Services Inc. WI raised its position in Landec by 148.9% during the second quarter. National Investment Services Inc. WI now owns 36,070 shares of the basic materials company’s stock valued at $537,000 after purchasing an additional 21,581 shares in the last quarter. Finally, Swiss National Bank raised its position in Landec by 12.7% during the first quarter. Swiss National Bank now owns 45,400 shares of the basic materials company’s stock valued at $592,000 after purchasing an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

Shares of NASDAQ LNDC traded up $0.05 during midday trading on Thursday, reaching $13.45. The company’s stock had a trading volume of 1,924 shares, compared to its average volume of 55,165. The company has a current ratio of 1.10, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. Landec has a fifty-two week low of $11.42 and a fifty-two week high of $15.60. The company has a market cap of $364.90 million, a price-to-earnings ratio of 32.68 and a beta of 0.55.

About Landec

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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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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