Landec (NASDAQ:LNDC) issued its earnings results on Tuesday. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.11), Fidelity Earnings reports. Landec had a negative return on equity of 0.04% and a negative net margin of 8.85%.
LNDC stock opened at $10.95 on Thursday. The firm has a market cap of $321.09 million, a PE ratio of -6.29, a P/E/G ratio of 33.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.89. The firm’s fifty day moving average is $11.26 and its 200 day moving average is $10.69. Landec has a one year low of $7.48 and a one year high of $12.24.
Separately, Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research report on Tuesday, March 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.25.
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.
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